DENVER — Closer Huston Street and the Colorado Rockies have finalized a $22.5 million, three-year contract, a deal that could be worth $31 million over four season.

Street gets $7.2 million this year, $7.3 million in 2011 and $7.5 million 2012. The agreement, which avoided arbitration, includes a a $9 million mutual option for 2013 with a $500,000 buyout if the club declines to exercise.
Colorado also agreed Wednesday to a minor league contract with pitcher Tim Redding. The right-hander, who turns 32 on Feb. 12, went 3-6 with a 5.10 ERA in 17 starts and 13 relief appearances for the New York Mets last season.