Complex sentence: On 27 August 2011 it was announced that NEC and Ajax had reached an agreement for a transfer of Cillessen to the Amsterdam club for an estimated €3,000,000, having signed a 5-year contract, binding him to Ajax until 2016.
Split into simpler sentences: On 27 August 2011 it was announced that NEC and Ajax had reached an agreement for the transfer of Cillessen to the Amsterdam club for an estimated €3 million. He signed a five-year contract, binding him to Ajax until 2016.