After a monster 2017 season, American League Most Valuable Player Award Recipient Jose Altuve was signed to a 5-Year, $151 Million contract extension. The deal is not scheduled to take effect until 2020 but is already expected to be the richest contract in Houston Astros’ franchise history.
The deal is expected to crush the previous franchise record for the richest contract. The former record was for 6-year, $100 million set by former infielder/outfielder Carlos Lee in 2006. Lee was a 3-time All-Star and a 2-time Silver Slugger Award recipient (one of each came during 2007 with the Astros). Carlos Lee finished his career with 358 home runs and a .285 batting average.
There are very few players in Major League Baseball (if any) more deserving of a pay raise as Altuve. En route to winning the 2017 AL MVP over Aaron Judge, the 27-year-old superstar Jose Altuve posted a .346/.410/.547 batting line with 34 stolen bases, 204 hits (led American League), with a career-best 24 home runs in 664 plate appearances. Altuve also put up a phenomenal 8.3 WAR with a 164 OPS+ (100 is league average).
Before the extension begins, Altuve will complete a 4-year, $12.5 Million extension that he signed in 2013. Altuve also has $6 Million and $6.5 Million club options for 2018 and 2019 respectively (his 2018 option was exercised at the end of the 2017 season), and there is literally no way that Houston will pass on either of those.
Jose Altuve will now get the money that he deserves (he will just have to wait a while), and the Houston Astros will lock down a franchise cornerstone.