Jake Peavy undergoes season-ending lat surgery

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Another bit of news from Ed Price of AOL Fanhouse on a slow night in the baseball world.

White Sox starter Jake Peavy underwent surgery on Wednesday in Chicago to repair a detached latissimus dorsi muscle.  The procedure is already being called a success and the Sox are hopeful that he will work his way back to full health by the start of spring training next season.

Peavy, 29, turned in a 7-6 record, a 4.63 ERA and a 1.23 WHIP over 17 starts for the White Sox this year.  He struck out 93 batters in 107 innings.

The right-hander is under team control through 2012 and has a $22 million option for 2013.  If he does not return to the form he showed in San Diego, declining that option will be a no-brainer for the White Sox.

Gallegos agrees to 2-year, $11M contract with Cardinals

Atlanta Braves v St. Louis Cardinals
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ST. LOUIS – Reliever Giovanny Gallegos and the St. Louis Cardinals agreed to a two-year, $11 million contract, a deal that includes a club option for 2025 and escalators that could make it worth $20.5 million over three seasons.

The 31-year-old right-hander is 3-5 with a 2.91 ERA and 14 saves in 20 chances this season. He has 72 strikeouts and 15 walks in 58 2/3 innings.

“I feel so happy,” Gallegos said before the Cardinals played the Pirates in Pittsburgh. “I don’t have the word for exactly how I’m feeling.”

He was obtained from the Yankees in July 2018 along with left-hander Chasen Shreve in the trade that sent first baseman Luke Voit to New York. Gallegos is 14-15 with a 3.02 ERA and 34 saves in six major league seasons.

Gallegos gets a $500,000 signing bonus and salaries of $4.5 million next year and $5.5 million in 2024. St. Louis has a $6.5 million team option for 2025 with a $500,000 buyout.

His 2025 option price can increase by up to $3.5 million for games finished in 2024: $500,000 each for 20-25 and 26-30 and 31-35, and $1 million apiece for 36-40 and 41 or more.

He would get $250,000 for winning the Rivera/Hoffman reliever of the year award, $50,000 for All-Star selection and World Series MVP and $25,000 for League Championship Series MVP.

Gallegos has a $2.41 million salary this year.

He was eligible for salary arbitration and is potentially eligible for free agency after the 2024 season.