Jose Altuve officially signs long-term contract extension with Astros

PHOTOS: A look at the Astros' 2018 salaries and contract situations Jose Altuve signed the richest deal in Astros' franchise history, agreeing to a new seven-year contract Monday. Browse through the photos above for a look at the Astros' 2018 salaries as well as the players' contract situations. less PHOTOS: A look at the Astros' 2018 salaries and contract situations Jose Altuve signed the richest deal in Astros' franchise history, agreeing to a new seven-year contract Monday. Browse through the photos above ... more Photo: Jeff Roberson/Associated Press Photo: Jeff Roberson/Associated Press Image 1 of / 45 Caption Close Jose Altuve officially signs long-term contract extension with Astros 1 / 45 Back to Gallery

WEST PALM BEACH, Fla. — It's official.

Jose Altuve has signed a new seven-year contract, keeping the reigning American League MVP, four-time Silver Slugger and face of Houston's franchise renaissance an Astro until he turns 34.

"It's the largest deal in franchise history," Astros general manager Jeff Luhnow said. "Another seminal moment for our franchise."

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Altuve was set to make $6 million this season with a club option for $6.5 million in 2019. Now, he has a seven-year contract that will be the most expensive in franchise history.

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The 27-year-old second baseman was joined by general manager Jeff Luhnow and manager A.J. Hinch in a news conference announcing the extension at home plate of the Ballpark of the Palm Beaches.

"My family and I have made Houston our home," Altuve said. "I have great teammates and coaches and we all have the same goal, we want to work hard and we want to win. Last year was really fun, but it's in the past. I'm excited about what the future holds and I'm excited to be with the Astros for years to come."

Altuve's agent, Scott Boras, was also among the attendees.