Complex sentence: On 16 June 2008, Balkestein signed a two-year contract with Ipswich Town with the option of a further year extension, and a fee of £180,000 was paid to his former club SC Heerenveen as compensation.
Split into simpler sentences: On 16 June 2008, Balkestein signed a two-year contract with Ipswich Town with the option of a further year extension. As a result of the transfer, a fee of £180,000 was paid to his former club SC Heerenveen as compensation.