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White Sox sign Jake Peavy to $29 million contract, decline Kevin Youkilis’ option

Oct 30, 2012, 6:16 PM EDT

Jake Peavy AP

The White Sox’s 2013 rotation is set to look a whole lot like the 2012 group after all. The team today re-signed Jake Peavy to a tw0-year, $29 million deal and picked up Gavin Floyd‘s $9.5 million option for 2013.

The team also announced that it had declined Kevin Youkilis‘ $13 million option and Brett Myers‘ $10 million option for next year.

Peavy will make $14.5 million each of the next two seasons, which amounts to a paycut from the three-year, $52 million contract he was on. That deal included a $22 million option for 2013 with a $4 million buyout. Peavy will receive the $4 million buyout in addition to his new contract. His deal also includes a $15 million player option for 2015 that he’ll be able to pick up if he reaches certain marks the next two years.

Peavy went 11-12 and finished ninth in the AL with a 3.37 ERA last season. It was the first time he had made even 20 starts since 2008, so the White Sox are taking quite a chance in re-signing him. Still, many figured he’d get a three-year deal this winter on the open market.

Floyd’s return isn’t something a lot of people would have anticipated a few months ago, but he did have a strong finish on his way to going 12-11 with a 4.29 ERA in 29 starts for the season. It’s possible the team could still trade him this winter. If he sticks, then the White Sox would seem to be set with a rotation of Chris Sale, Peavy, John Danks, Floyd and Jose Quintana.

The White Sox figure to have some interest in re-signing Youkilis, who hit .236/.346/.425 with 15 homers and 46 RBI in 80 games after coming over from the Red Sox. However, since he is the top third baseman available in free agency, there will be plenty of demand for his services. A two-year deal seems likely.

Myers had a 3.12 ERA in 34 2/3 innings as a setup man following a trade from the Astros. He’ll probably go search for a closer gig elsewhere.

  1. Old Gator - Oct 30, 2012 at 6:29 PM

    It’s a relief to know that Youkilis is a third baseman, since the Feesh desperately need one and therefore probably won’t be interested in him. Tommy, much as I love him, is ugly enough.

  2. loungefly74 - Oct 30, 2012 at 7:15 PM

    the greek god of walks!

  3. xxakshunxx - Oct 30, 2012 at 7:19 PM

    Wouldn’t mind seeing Myers back in Philly but would have to be around 5-7mil

    • brokea$$lovesmesomeme - Oct 30, 2012 at 9:01 PM

      I wonder if he has stopped slapping his wife around

      • don444 - Oct 31, 2012 at 12:41 PM

        I’ve been with more than one woman who absolutely couldn’t get enough of having that side of her personality brought out behind closed doors, but you can’t be slapping them in anger on the sidewalk, obviously.

  4. sajeddk - Oct 30, 2012 at 7:38 PM

    Wouldn’t mind your back in Boston

  5. yournuts - Oct 30, 2012 at 7:45 PM

    He would look good in Pinstrips at Yankee stadium.

  6. sportsfan69 - Oct 30, 2012 at 8:09 PM

    Is there something wrong here? 29 million dollars for the next two years for a washed up pitcher. This is exactly what is wrong with the MLB. Guaranteed contracts, to players that aren’t held accountable for their crappy play. There rewarded instead. We can all thank Mr. Donald Fehr.

    • djpostl - Oct 30, 2012 at 11:34 PM

      220 innings of 200 K and 3.37 ERA/1.10 WHIP in the AL is a far cry from washed up lol.

      Maybe click a link and educate yourself before posting next time.

  7. flyeredup - Oct 30, 2012 at 8:53 PM

    Who is next? Jason Grimsley for $15M a year? White Sox blew it!

    • kkolchak - Oct 30, 2012 at 9:39 PM

      Not if Peavy stays healthy they didn’t.

    • djpostl - Oct 30, 2012 at 11:34 PM

      See the above post and its reply tool. Peavy had a great year.

  8. richwizl - Oct 31, 2012 at 10:20 AM


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