HOUSTON — Outfielder Yordan Alvarez and the Houston Astros confirmed Monday that they have agreed to a six-year, $115 million contract extension covering the 2023-2028 seasons.
The 24-year-old baseball player had a one-year deal and $764,600 for 2022 while he plays Major League Baseball. His salary would rise to $304,500 if he were to be traded to the minor leagues.
He will receive a $5 million signing bonus which is due 30 days after MLB approves the deal. His salary will gradually increase from $7 million to $15 million over the first three seasons. He will receive $ 26 million for the next three, when he would have been eligible for autonomy.
Various individual honors can boost his salary between 2024 and 2027. Alvarez also gets a partial no-trade clause for the final two seasons of the pact, during which he can provide a 10-team roster where he can’t be traded without his consent.
The Cuban averaged .277/.346/.531 in addition to setting career highs with 33 home runs and 104 RBIs. Heading into Monday’s games, he was batting .295/.391/.624 with 16 home runs and 34 RBIs. He leads the Astros in both categories.