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Details of John Danks’ five-year, $65 million extension with White Sox

Dec 29, 2011, 2:19 PM EDT

John Danks Getty Images

John Danks‘ five-year, $65 million contract extension with the White Sox was reported last week and became official today.

Danks will get $8 million in 2012 and then $14.25 million per season from 2013-2016.

If not for the extension Danks would be heading into his final season of arbitration eligibility after earning $6 million in 2011, so the White Sox likely end up saving a little bit of money for 2012 and then essentially buy out his first four seasons of free agency for $57 million.

Danks certainly isn’t an elite pitcher, but the 26-year-old left-hander in the second tier of top-notch No. 2 starters and borderline No. 1 guys, posting ERAs of 3.32, 3.77, 3.72, and 4.33 during the past four seasons while calling a hitter-friendly ballpark home in the American League.

Among all the pitchers to start at least 100 games from 2008-2011 he ranks 23rd in ERA and 17th in adjusted ERA+.

  1. The Wizard - Dec 29, 2011 at 8:49 PM

    “ also has learned that Danks holds full no-trade veto power in the first year of his deal and has limited no-trade considerations over the next four. That limited no-trade translates into six teams to which Danks can’t be traded without his approval.”

  2. hammyofdoom - Dec 29, 2011 at 10:30 PM

    The White Sox are an interesting team. First they’re trading everyone, then they’re handing out extensions to guys like Danks. I’d be interested to see what sort of deals they get done throughout the year, I’ll be watching this team for sure to see what they do.

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