Dec 29, 2011, 2:19 PM EST
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+.
- Merry Christmas from HBT! 30
- THE YEAR IN REVIEW: HBT’s most commented-upon stories of the year 83
- The Yankees are treating Alex Rodriguez differently than they treated Derek Jeter. So what? 36
- Braves sign setup man Jason Grilli to two-year contract 13
- My Imaginary Hall of Fame Ballot 119
- Phil Hughes signs a three-year extension with the Twins 27
- The Padres have talked to the Phillies about Cole Hamels 23
- Why is John Smoltz a shoo-in for the Hall of Fame? 63
- Bud Selig will get a $6 million a year pension. Which is obscene. (145)
- My Imaginary Hall of Fame Ballot (119)
- Today’s specious anti-Mike Piazza-for-the-Hall-Fame argument (94)
- St. Petersburg City Council votes down deal to allow Rays to look for new stadium site (90)
- Phillies GM told Ryan Howard they’d be better off “not with him but without him” (85)