Angels sign Huston Street to 2-year, $18 million extension

The Angels have signed closer Huston Street to a two-year contract extension that includes a club option for 2018, according to a team announcement. According to reports from Bill Shaikin of the Los Angeles Times and Jon Heyman of CBSSports.com, the deal will pay Street $18 million over the next two seasons, with the option being valued at $10 million. Overall, Street's new deal can pay him up to $27 million over the next three years.

Street, 31, was slated to become a free agent after this season and has been negotiating with the Angels about a new deal since during spring training. Despite negotiating without an agent for the first part of the process, he re-hired his old agent, Alan Hendricks, to handle contract talks during the season and was able to accomplish a deal that will keep him under Angels' control through 2018.

Street has been very good for the Angels since being acquired from the Padres in a deadline deal last season, posting a 2.25 ERA while saving 28 games in 42 appearances during that span. He has been one of the best closers in baseball since breaking into the bigs back in 2005 with the Athletics, notching 286 saves in eleven years with the A's (2005-2008). Rockies (2009-2011), Padres (2012-2014) and Angels (2014-2015).

At first glance, today's extension seems to be a great move for the Angels, who secure long-term stability at the back-end of their bullpen for the near future at a low price. With Street teamed with young arms Joe Smith and Mike Morin at the back of the team's bullpen, the Angels have both proven big-league success and cost certainty in hand for years to come.