Jake Peavy

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


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.

Giants interested in John Lackey

John Lackey
AP Photo/Charles Rex Arbogast
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Ben Cafardo of the Boston Globe speculated on Sunday that there might be a connection between the Giants and veteran free agent right-hander John Lackey, and now FOX Sports’ Ken Rosenthal reports that San Francisco is indeed in pursuit.

Rosenthal says the Giants, “like most clubs seeking pitching, [are] examining [a] wide range of options” in this starter-heavy free agent market. Lackey would make a ton of sense for any contender on something like a two-year deal. His free agency is tied to draft pick compensation, but that shouldn’t be much of a deterrent.

The 37-year-old right-hander registered a career-best 2.77 ERA across 218 innings (33 starts) this past season for the National League Central-champion Cardinals and he was St. Louis’ most reliable starter during the playoffs.

It’s well known that he wants to remain in the National League.

Angels sign catcher Geovany Soto to one-year contract

Geovany Soto
AP Photo/Alex Gallardo
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As first reported by beat writer Bill Shaikin of the Los Angeles Times, the Angels have signed free agent catcher Geovany Soto to a one-year major league contract. MLB.com’s Alden Gonzalez says the deal is worth $2.8 million guaranteed.

Soto will offer some veteran presence at catcher for the Halos alongside 25-year-old Carlos Perez, who hit .250/.299/.346 as a rookie in 2015.

Soto slashed .219/.301/.406 with nine homers in 78 games this summer for the White Sox.

The 32-year-old backstop is a .246/.331/.434 career hitter at the major league level.

White Sox acquire right-hander Tommy Kahnle from Rockies

Tommy Kahnle
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According to the official Twitter account of the Chicago White Sox, the club acquired right-hander Tommy Kahnle from the Rockies on Tuesday evening in exchange for minor league pitcher Yency Almonte.

Kahnle was designated for assignment by the Rockies last week in a flurry of moves made in preparation of next month’s Rule 5 Draft. The 26-year-old former fifth-round pick posted an ugly 4.86 ERA, 1.77 WHIP, and 39/28 K/BB ratio in 33 1/3 innings this past season for Colorado and he wasn’t much better at Triple-A Albuquerque.

Almonte, 21, had a 3.41 ERA, 1.15 WHIP, and 110/38 K/BB ratio in 137 1/3 innings this past season between Low-A Kannapolis and High-A Winston-Salem.

It’s a straight one-for-one deal of two non-prospects, and the timing of it — in the evening, with Thanksgiving approaching — has our Craig Calcaterra wondering whether an executive was just trying to get out of some family responsibilities …

Mark McGwire to become the Padres bench coach

Los Angeles Dodgers batting coach Mark McGwire roams the field during practice for the National League baseball championship series Thursday, Oct. 10, 2013, in St. Louis. The Dodgers are scheduled to play the St. Louis Cardinals in Game 1 of the NLCS on Friday in St. Louis. (AP Photo/Jeff Roberson)

The other day Dennis Lin of the San Diego Union-Tribune reported that the Padres were in discussions with former Dodgers hitting coach Mark McGwire about their bench coach job. Today Jon Heyman reports that the deal is done and will soon be announced.

McGwire has been the hitting coach for Los Angeles for the past three seasons. When his contract was not renewed following the end of 2015 he was rumored to be up for the Diamondbacks’ hitting coach job. He likely view staying in Southern California to be a plus, as he makes his home in Irvine, which is around 90 miles from Petco Park. That’s a long commute, but Mac can afford the gas, I guess.