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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 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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