The Astros are likely buying out Altuve’s arbitration years by signing him to the deal. He was scheduled to be arbitration eligible next year and a free agent following the 2016 season.
Altuve is a fan favorite among G-Stros and Astros fans. Here's hoping this is the continuation of a good relationship. While this news excites me in hopes that Altuve will remain with the Astros, the realist in me also is aware that a deal like this also makes Altuve more attractive to the trade market because he is now young and cost controlled for a period of time.
Altuve becomes the first former G-Stro to sign a long term deal with any team.