Found October 31, 2012 on
MLB Injury News:
It was unclear if Jake Peavy would return to Chicago next season. The White Sox did not seem certain that they would pick up his option for the 2013 season, so the thought was they would allow him to enter free agency. However, yesterday the team extended Peavy for two more seasons.
According to Mark Gonzales of the Chicago Tribune, the White Sox gave Peavy $29 million for the next two seasons. Peavy's new agent had indicated that Peavy would test the free agent market - and suggested to Peavy that he do so. However, the White Sox new GM and Rick Hahn managed to get a deal done.
Peavy had a bounce-back year of sorts this past season. In 2010, he suffered a torn latisimus dorsi muscle. He wasn't even sure he could return to baseball after the injury. In 2011, Peavy did return and posted a 4.92 ERA. It was a far cry from his 2007 Cy Young season. This year, Peavy was better. He went 11-12 with a 3.37 ERA.
Peavy helps anchor a White Sox rotation that includes Gavin Floyd, Chris Sale, and Francisco Liriano. Chicago led the American League Central for most of the season, but eventually fell to the Detroit Tigers. They look poised to make another run in 2013. With Peavy back for another two seasons, the White Sox hope he will continue to improve.
Peavy has pitched 11 seasons - four for the White Sox. He has compiled a 120-93 record in his career and posted a 3.46 ERA.
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One of the most sought-after pitchers in baseball won't be hitting the open market after all.
Four days before teams start bidding on free agents from other teams, the Chicago White Sox announced Tuesday that they have signed Jake Peavy to a two-year, $29-million contract extension.
The deal replaces what would have been a $22 million club option for 2013; the White Sox instead...
Pitcher Jake Peavy and the Chicago White Sox agreed Tuesday to a $29 million, two-year contract.
The right-hander will receive $14.5 million in each of the next two seasons. Peavy could receive a $15 million option for 2015, depending on innings during the next two years.
Peavy's previous deal included a $22 million option for next season with a $4 million buyout. The buyout...
Faced with a $22 million team option for 2013 or paying Jake Peavy a $4 million buyout and letting him hit free agency, the White Sox went with Door #3; re-sign him to an extension that lowers his annual payout but keeps him in Chicago through 2014 and gives them a team option for 2015.
The new deal is worth $29 million guaranteed, with a few million of that likely being a buyout...
The Chicago White Sox announced that they have re-signed pitcher Jake Peavy to a two-year $29mm deal. Peavy became a free agent after the White Sox declined his 2013 option which was for $22mm.
Peavy will earn $14.5mm in 2013 and 2014. His 2015 option becomes a player option if Peavy reaches a certain number of innings in 2013 and 2014.
Peavy went 11-12 in 32 games last season while...
There goes one free agent pitcher off the market: the Chicago White Sox and Jake Peavy have agreed to a two year extension that will pay Peavy $29 million over the two years. The deal also has an option for the 2015 season. Peavy made $17 million last season, and Chicago declined a $22 million club option on him for 2013.
According to MLBTR, Peavy will make $14.5 million in each...
The Chicago White Sox were busy on Tuesday, as they made several big personnel moves. They exercised the option on pitcher Gavin Floyd, while declining those on Kevin Youkilis and Brett Myers. But the big news came as they signed starting pitcher Jake Peavy to a two-year, $29 million extension.
The 31-year-old Peavy finished the 2012 season with and 11-12 record, a 3.37 ERA and a...
The Chicago White Sox agreed to terms with starting pitcher Jake Peavy, giving him a $29 million dollar two year extension. In addition to making a lot of money, he also won a Gold Glove award. The right-hander will receive $14.5 million each of the next two seasons. Peavy might receive a $15 million option in 2015, depending on the amount of innings he pitches during the next two...
The Chicago White Sox have certainly been an active team in baseball’s young offseason.
The Sox have already bumped Kenny Williams upstairs from General Manager to Executive Vice President and signed Jake Peavy to a two-year extension that could work out if Peavy doesn’t fall apart physically as he has been known to do throughout his career.
On Thursday, new GM Rick Hahn asserted...
The first order of business for new Chicago White Sox general manager Rick Hahn was to retain a key piece of the team's rotation. The White Sox and right-hander Jake Peavy agreed to a two-year, $29 million deal Tuesday. The team previously announced it was declining a $22 million option on Peavy for the 2013 season. The Chicago Tribune and Chicago Sun-Times both reported...
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It didn't take long for Rick Hahn to make his first move as the general manager of the White Sox. Four days after officially introducing Hahn as GM, the team announced a two-year, $29MM contract extension...
Happy Halloween, everyone. Yesterday, we had our first signings of the offseason. Of course, both were technically contract extensions since the free agency exclusivity window doesn't end until Saturday, but they count. Jake Peavy re-upped with the White Sox for two years, and Brandon League got paid by the Dodgers over three. The Gold Glove winners were also announced, if that...
The Chicago White Sox shattered all expectations coming into 2012, and they nearly crept into the playoffs after the heavily favored Detroit Tigers struggled for most of the season. But you know what happened in late September and October: the White Sox fell apart, the Tigers won the division, and eventually, the AL pennant. It'll be an interesting offseason for the White Sox...