The Houston Astros have just announced that they have signed former Boston Red Sox infielder Bill Hall to a one-year contract worth $3 million. The deal also includes a mutual option for the 2012 season. The option is worth $4 million and carries a $250,000 buyout if the club opts out of the contract.

With the signing of Hall total payroll allocation for free agents this off-season, that includes multi-year deals, is now over $1 billion ($1,000,380,000) for 69 players or an average of $14,498,261. Thirty-four players or almost exactly half the free agent contracts so far this off-season signed 1-year contracts. Those one-year deals account for $114,430,000, or an average of $3,365,588.

Maury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

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