Originally posted on The Sports Bank  |  Last updated 10/31/12
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 years. Peavy’s previous deal included a $22 million option for next season with a $4 million buyout. The buyout will be paid in equal installments from 2016-19. In other words he got a lot richer today, to complement his winning a Gold Glove award. Paul M. Banks is CEO of The Sports Bank.net, an official Google News site generating millions of unique visitors. He’s also a regular contributor to Chicago Now, Chicago Tribune.com, Walter Football.com, Yardbarker, and Fox Sports A Fulbright scholar and MBA, Banks has appeared on live radio all over the world; and he’s a member of the Football Writers Association of America, U.S. Basketball Writers Association, and Society of Professional Journalists. The President of the United States follows him on Twitter (@Paul_M_BanksTSB) You should too
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