Álvarez, Astros finalize 6-year, $115M deal through 2028

Jay Biggerstaff-USA TODAY Sports
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HOUSTON — Outfielder Yordan Alvarez and the Houston Astros finalized a six-year, $115 million contract covering 2023-28.

The 24-year-old has a one-year deal for 2022 calling for $764,600 while in the major leagues and $304,500 should he be assigned to the minors.

His new deal announced Monday calls for a $5 million signing bonus payable with 30 days of the contract’s approval by Major League Baseball and salaries of $7 million next year, $10 million in 2024 and $15 million in 2025, covering his three years of arbitration eligibility.

Alvarez receives $26 million annually from 2026-28, when he would have been eligible for free agency.

His salary can escalate from 2024-27 based on finish in MVP voting $1.5 million for first, $750,000 for second and $750,000 for third. The increase would apply to all subsequent seasons.

For 2027 and ’28, Alvarez gets a limited no-trade provision allowing him to list 10 teams he cannot be dealt to without his consent.

Alvarez hit .277 last year and set career highs with 33 homers and 104 RBIs. He entered Monday’s series opener against Seattle with a .295 average, 16 homers and 34 RBIs, all team highs.

MLB sells share of BAMTech to Walt Disney Co. for $900M

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NEW YORK – Major League Baseball has sold its remaining share of a streaming service technology company to the Walt Disney Co. for $900 million.

The sale was disclosed Tuesday in Walt Disney Co.’s annual filing report through the SEC. MLB received the $900 million in exchange for the 15% stake it still had in a company called BAMTech, which originally started as MLB Advanced Media in 2000.

The technology helped MLB become a leader in sports streaming in the 2000s.

Walt Disney Co. has been buying chunks of BAMTech for the past five years and now owns 100% of the company. The National Hockey League sold its 10% share of BAMTech to Walt Disney Co. for a reported $350 million in 2021.