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WATCH: Jose Altuve Finalizes 7-Year, $163.5M Deal With Houston Astros

The 27-year-old second baseman had been among baseball’s best bargains

  • 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. (Photo Credit: Photo via Twitter @astros)
    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. (Photo Credit: Photo via Twitter @astros)
  • 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. (Photo Credit: Photo via Twitter @astros)
    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. (Photo Credit: Photo via Twitter @astros)
  • 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. (Photo Credit: Photo via Twitter @astros)
    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. (Photo Credit: Photo via Twitter @astros)
  • Jose Altuve holds up the championship trophy after Game 7 of the ALCS against the New York Yankees Saturday, Oct. 21, 2017. (Photo Credit: Eric Christian Smith/AP Photo)
    Jose Altuve holds up the championship trophy after Game 7 of the ALCS against the New York Yankees Saturday, Oct. 21, 2017. (Photo Credit: Eric Christian Smith/AP Photo)
  • Houston Astros' Jose Altuve has energized a city that's still suffering the effects of a devastating hurricane.
    Houston Astros' Jose Altuve has energized a city that's still suffering the effects of a devastating hurricane.
  • President Donald Trump shakes hands with Houston Astros second baseman Jose Altuve during a ceremony in the East Room of the White House in Washington, Monday, March 12, 2018, where he honored the World Series Champion Houston Astros for their 2017 World Series victory. (AP Photo/Andrew Harnik) (Photo Credit: AP Photo/Andrew Harnik)
    President Donald Trump shakes hands with Houston Astros second baseman Jose Altuve during a ceremony in the East Room of the White House in Washington, Monday, March 12, 2018, where he honored the World Series Champion Houston Astros for their 2017 World Series victory. (AP Photo/Andrew Harnik) (Photo Credit: AP Photo/Andrew Harnik)
  • Houston Astros defeat the New York Yankees 4-0 to advance to the World Series for the second time in franchise history. From left to right, Jose Altuve, Carlos Correa, Alex Bregman, Yulieski Gurriel, and Marwin Gonzalez. (Photo Credit: Photo via Houston Astros' Twitter‏ account @astros)
    Houston Astros defeat the New York Yankees 4-0 to advance to the World Series for the second time in franchise history. From left to right, Jose Altuve, Carlos Correa, Alex Bregman, Yulieski Gurriel, and Marwin Gonzalez. (Photo Credit: Photo via Houston Astros' Twitter‏ account @astros)
  • Altuve helped lead the Astros to their first World Series championship.  (Photo Credit: Photo via Twitter Astros @astros)
    Altuve helped lead the Astros to their first World Series championship. (Photo Credit: Photo via Twitter Astros @astros)

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, March 19th, 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.

“This is a very important day for me,” said Altuve, “and the most important thing for me is (my teammates) being here. Everything is done, and now I can just play baseball.”

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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