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.

Chris Archer exits Monday’s start after four innings due to leg discomfort

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Pirates starter Chris Archer pitched only four innings on Monday against the Braves due to leg discomfort, MLB.com’s Mark Bowman reports. Archer’s removal from the game was precautionary. He yielded one run on five hits and a walk with three strikeouts on 76 pitches.

Archer, 29, hasn’t pitched deep in any of his four starts since being traded from the Rays to the Pirates. He went 4 1/3 innings in his Buccos debut, then pitched five innings in his next two starts prior to tonight.

The Pirates gave up Tyler Glasnow, Austin Meadows, and Shane Baz to acquire Archer from the Rays on July 31. In his four starts as a Pirate, the right-hander has a 4.91 ERA with a 19/7 K/BB ratio in 18 1/3 innings.

An update on Archer’s status should be passed along after Monday’s game or on Tuesday.