The St. Louis Cardinals have agreed to acquire All-Star third baseman Nolan Arenado from the Colorado Rockies in a trade needing approvals before it can be finalized, a person familiar with the swap tells The Associated Press.

The person spoke on condition of anonymity Friday night because the trade had not yet been finalized.

Arenado, an eight-time Gold Glove winner, signed a $260 million, eight-year deal with Colorado in February 2019 and is owed $199 million for the six remaining seasons.

Colorado would pay St. Louis a large amount of cash as part of the trade and Major League Baseball must approve a cash transaction of more than $1 million.

Arenado’s contract has a no-trade provision that requires his approval.

He may restructure his contract as part of a trade, the person said, which could require approval of the players’ association.

The 29-year-old Arenado has hit .293 with an .890 OPS over eight seasons, averaging 35 home runs and 114 RBIs per 162 games.