HOUSTON (AP) _ Jeff Bagwell's $18 million option was declined Tuesday by the Houston Astros, who will give their career home run and RBIs leader a $7 million buyout to complete an $85 million, five-year contract.

The 38-year-old Bagwell missed last season because of an arthritic right shoulder, and the Astros tried to recoup about $15.6 million in insurance.

``Jeff had an outstanding career with the Astros,'' general manager Tim Purpura said. ``Jeff's legacy with the Astros is truly legendary.''

Bagwell, who has 449 home runs and 1,529 RBIs, was the Astros' first baseman on opening day from 1991-2005. A four-time All-Star and the 1994 NL MVP, he is the only first baseman with 400 home runs and 200 stolen bases.