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Altuve, Astros finalize $163.5M, 7-year contract

AL MVP Jose Altuve and the World Series champion Houston Astros finalized a $163.5 million, seven-year contract that guarantees an additional $151 million over five seasons. He keeps salaries of $6 million this year and $6.5 million next year. Altuve gets a $21 million signing bonus and annual salaries of $26.2 million from 2020-24. The 5-foot-6 Altuve hit .346 last season to win his third AL batting title in four seasons. He had 24 homers, 82 RBIs and 32 stolen bases.
By The News · 19 of March 2018 14:59:07
File-This is a 2018 photo shows Jose Altuve of the Houston Astros baseball team. A person familiar with the negotiations says AL MVP Altuve and the World Series champion Astros have agreed to a contract that guarantees him an additional $151 million over five seasons from 2020-24. The person spoke to The Associated Press on condition of anonymity Friday, March 16, 2018, because the agreement had not been announced. (AP Photo/John Raoux, File), No available, File-This is a 2018 photo shows Jose Altuve of the Houston Astros baseball team. A person familiar with the negotiations says AL MVP Altuve and the World Series champion Astros have agreed to a contract that guarantees him an additional $151 million over five seasons from 2020-24. The person spoke to The Associated Press on condition of anonymity Friday, March 16, 2018, because the agreement had not been announced. (AP Photo/John Raoux, File)

WEST PALM BEACH, Fla. (AP) — AL MVP Jose Altuve and the World Series champion Houston Astros have finalized a $163.5 million, seven-year contract that guarantees an additional $151 million over five seasons.

The 27–year-old second baseman had been among baseball’s best bargains. He agreed in 2013 to a deal that originally guaranteed $12.5 million from 2014-17 and included club options for 2018 at $6 million and 2019 at $6.5 million.

His new deal, announced Monday, keeps those salaries and adds a $21 million signing bonus, of which $1 million is payable upon the deal’s approval by the commissioner’s office and $10 million each on July 1 in 2018 and 2019. He gets annual salaries of $26.2 million from 2020-24.

Altuve would have been eligible for free agency after the 2019 season.

The 5-foot-6 Altuve hit .346 last season to win his second straight AL batting title and third in four seasons. He had 24 homers, 82 RBIs and 32 stolen bases

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More AP baseball: https://apnews.com/tag/MLBbaseball