Report: Astros, Altuve agree to 5-year, $151M extension

The Houston Astros have made a long-term investment in Jose Altuve.

The two sides reportedly agreed on a five-year, $151-million extension Friday that will keep the reigning American League MVP with the 2017 World Series champion through the 2024 season, according to Jon Heyman of FanRag Sports.

It's believed the extension will begin in 2020 following the conclusion of Altuve's current deal. In the interim, he'll remain one of the best bargains in baseball, earning $6 million in 2018 and $6.5 million in 2019. The second baseman will see his salary spike after that, as the extension holds an average annual value of $30.2 million.

Once the deal is made official, it will be the richest contract in Astros history, shattering the previous record held by Carlos Lee, who signed a six-year, $100-million deal in 2006.

Altuve first joined the Astros as an undrafted free agent in 2007 with a $15,000 signing bonus. He broke into the majors in 2011, and has since emerged as one of the best all-around players in the league. The 27-year-old has been an All-Star in five of the last six seasons, while also claiming four Silver Slugger Awards, one Gold Glove, and a World Series title.

Altuve led the AL in hits for a fourth consecutive season in 2017 and won his third batting title in the last four years. He received 27 of 30 first-place votes to take home his first MVP award.

The Astros now have Altuve, Carlos Correa, and Alex Bregman under team control through the 2021 season.