Done Deal: Jon Singleton has officially signed a massive $505 million contract extension with the ….

Done Deal: Jon Singleton has officially signed a massive $505 million contract extension with the ….

  1. Singleton’s contract includes three club-option years that could increase his payout to $30 million over eight years. When bonuses and awards are included, Singleton can earn a maximum of $35 million over the course of the deal. The deal runs from the 2014 through 2018 seasons.

He will receive $1.5 million in total compensation this year, and salaries of $2 million in each of the next four seasons. The Astros have a $2.5 million option for 2019 with a $500,000 buyout. If that is exercised, the club has a $5 million option for 2020 with a $250,000 buyout. Houston also has a $13 million option for 2021 with a $250,000 buyout.

he new deal replaces a one-year contract Singleton signed in February that called for a $500,000 salary while in the major leagues and $40,750 while in the minors.

Singleton, 22, broke into professional ball with the Phillies before going to Houston in July 2011 in a five-player trade that sent outfielder Hunter Pence to Philadelphia.

He was hitting .267 with 14 home runs and a .544 slugging percentage in 54 games with Oklahoma City this season.

Singleton served a 50-game suspension to begin the 2013 season for a second failed drug test. In spring training, he made news by sharing his struggles with marijuana and alcohol in an interview with The Associated Press. The Astros were initially caught off-guard by the interview but quickly issued a statement of support for Singleton.

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