DENVER -- Facing the possibility of getting cut by the Colorado Rockies later this week, right-hander Jordan Lyles agreed Wednesday to a one-year contract worth $3,175,000 -- a $200,000 raise.

Lyles was mostly used out of the bullpen by the Rockies last season. He made the first of his 35 relief appearances on June 22 after being recalled from Triple-A Albuquerque and went 4-5 with a 5.83 ERA in 40 big league games overall.

The 26-year-old was acquired by Colorado from Houston on Dec. 3, 2013, and is 27-43 in his major league career with a 5.17 ERA.

Teams have until Friday to offer 2017 contracts to unsigned players on their 40-man roster. If offered a contract, Lyles would have been eligible for salary arbitration.