Dec 29, 2011, 2:19 PM EDT
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+.
- Everything you need to know about next week’s trade deadline 4
- Impending free agent Jon Lester won’t talk contract with the Red Sox until after the season 9
- Ten years ago today the Alex Rodriguez-Jason Varitek brawl changed the narrative of the Sox-Yankees rivalry 63
- And That Happened: Wednesday’s scores and highlights 27
- Tigers acquire closer Joakim Soria from the Rangers 55
- Phillies officials “have contemplated the possibility of paying off” and releasing Ryan Howard 42
- The dizzying intellect of Tom Glavine 20
- Verducci: baseball should think about an “illegal defense” rule to combat shifts 161
- Verducci: baseball should think about an “illegal defense” rule to combat shifts (162)
- Luke Scott released from Korean team after calling coach a “liar” and a “coward” (108)
- Yankees acquire Chase Headley from Padres (108)
- Who is the next Face of Baseball? (97)
- David Ortiz passes Carl Yastrzemski on the all-time home run list — is he a Hall of Famer? (92)