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

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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.

Astros release Jon Singleton

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The Astros have released first baseman Jon Singleton, Chandler Rome of the Houston Chronicle reports.

Singleton, 26, was suspended for 100 games after testing positive for a drug of abuse for a third time. He has had issues with marijuana in the post and admitted to being a drug addict several years ago. He said, “At this point it’s pretty evident to me that I’m a drug addict. I don’t openly tell everyone that, but it’s pretty apparent to myself. I know that I enjoy smoking weed, I enjoy being high and I can’t block that out of my mind that I enjoy that. So I have to work against that.”

Singleton played parts of two seasons in the majors in 2014-15 with the Astros, batting a combined .171/.290/.331 with 14 home runs and 50 RBI in — appropriately — 420 plate appearances. He spent 2016 with Triple-A Fresno and 2017 with Double-A Corpus Christi, putting up middling numbers.

If he can convince teams he’s still actively working to overcome his addiction, Singleton may be able to find an opportunity elsewhere. But his road back to the majors remains long. He was once a top prospect in the Phillies’ system, then was traded to the Astros in the Hunter Pence deal back in July 2011.