NEW YORK – Troy Tulowitzki and the Colorado Rockies have agreed to a new contract that guarantees the All-Star shortstop an additional $132 million over seven seasons through 2020.

Tulowitzki already had been guaranteed $25.75 million through 2013 under the $31 million, six-year contract he agreed to in January 2008.

With the new contract, which includes a club option for 2021, Tulowitzki is guaranteed $157.75 million over 10 seasons, according to contract information obtained Tuesday by The Associated Press.

Colorado scheduled a news conference for later Tuesday to announce the deal.

Tulowitzki receives $5.5 million next year, $8.25 million in 2012 and $10 million in 2013 as part of his previous contract, which contained a $15 million team option for 2014 with a $2 million buyout.

Under the new deal, he receives $16 million in 2014, $20 million in each of the following five seasons and $14 million in 2020. Colorado gets a $14 million option for 2021 with a $4 million buyout.

In both 2020 and 2021, if it’s exercised, Tulowitzki’s salary could escalate by up to $6 million annually depending on his finish in MVP voting, whether he is an All-Star or earns Gold Glove or Silver Slugger awards and other criteria.

Tulowitzki won his first Gold Glove and NL Silver Slugger awards this year, when he hit .315 with 27 homers and 95 RBIs despite missing 33 games with a broken wrist.