The Colorado Rockies have locked in shortstop Ezequiel Tovar to a seven-year, $63.5 million contract extension, according to MLB.com's Thomas Harding.

The contract comes with a potential eighth year on a club option that would increase Tovar's earnings to $84 million, per Harding and the New York Post's Jon Heyman.

Tovar became the youngest Opening Day starter in Rockies history at 21 years old last season. The new deal will now keep him in Colorado until age 29, according to Daniel Álvarez-Montes of El Extrabase.

Tovar slashed .253/.287/.408 with 37 doubles and 15 home runs during his first full MLB season in 2023.

Although Tovar's doubles total tied for fifth among NL first-years, and his 73 RBI matched the fourth-most by a rookie in Rockies franchise history, his offense saw ups and downs in 2023.

The rookie struggled at the plate early in the season while batting .214 through his first 26 games. He ended the campaign having struck out on 27 percent of his at-bats, while his 4.1 percent walk rate ranked in the bottom 2 percent of MLB, per Baseball Savant.

The Rockies still saw promise in the defensive skills that made Tovar a top-25 MLB prospect heading into the 2023 season.

Tovar was named a Gold Glove Award finalist in 2023 after recording 13 defensive runs saved and plus-16 outs above average in 2023.

That OAA ranked Tovar in the 99th percentile of all fielders, according to Baseball Savant. The only shortstop in the league with a higher OAA was Chicago Cubs veteran Dansby Swanson.

The Rockies will hope Tovar can improve his plate discipline while continuing to provide defense in 2024 as the team looks to continue its rebuild.

With Tovar locked in as the Rockies' shortstop of the future, the team may need to start considering an extension for fellow standout 2023 rookie Nolan Jones, who provided 4.3 wins above replacement for the Rockies last season, per Baseball Reference.

Jones, 25, is slated to become a free agent after the 2027 season. In February, MLB.com's Mark Feinsand described the left fielder as a top candidate for a long-term extension.