The Chicago White Sox and starting pitcher Jake Peavy have agreed on a two year contract exgension that will pay the right-hander a guaranteed $29 million. The deal also includes a club option for a third year that becomes a player option if Peavy attains a certain amount of innings pitched over the next two seasons. He will also receive the $4 million buyout from his previous deal, in place of the $22 million that the team would’ve had to pay him for 2013 if they picked up the original club option.

It’s a good deal for both the pitcher and the team. The 31-year-old is coming off his best season since 2007, and even though the velocity on his fastball has shown a steady decrease due to aging and health issues, Peavy has adapted his repertoire to include a two-seamer and a cutter that he throws along with a regular four-seam fastball, as well as a slider, curve and change.┬áHe’s effective at mixing his pitches, and was a big reason why the White Sox managed to play meaningful baseball games late in the season.

Chicago has recently made some front office changes with the promotions of Kenny Williams and Rick Hahn to President and General Manager, respectively. The tandem should continue to find success with low-risk contracts of shorter terms, like this one. They deal quite obviously considers Peavy’s performance over the last few seasons, and projects him fairly as a three wins above replacement pitcher when he’s healthy.

If he becomes injured over the next two years, the shorter terms of the deal ensure that the dollars owed to Peavy are never too dangerous.

Comments (2)

  1. Good deal for the Sox. And Peavy probably doesn’t want to leave that team, they’re great with pitchers.

    Another potential Jays target (for us dreamers) off the market.

  2. i guess peavy likes it there, because i think he would have garnered far more on the open market. would anyone be upset if their favourite team had gone 3/45 on peavy for his age 32-35 years?

    i would be interested in reading personal accounts of former free agents and what factored into their decisions. the topic doesn’t seem so controversial that it would be terribly difficult for some of the better journalists to get former players to open up about.

    a few half-assed google attempts later, i’m surprised more haven’t written about it. so i guess we’re in for another winter of listening to the naysayers’ chorus (rightly?) chanting “he’s not coming here” about every player anyone would have even the slightest inkling of getting excited about.

Leave a Reply

Your email address will not be published. Required fields are marked *