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 extend winning streak to 11 games

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The Astros rallied late to keep their winning streak alive, extending it to 11 games with a 7-4 victory over the Royals on Sunday afternoon. The club is now 48-25, leading the Mariners by a full game in the AL West.

The Royals took a 4-2 lead after three innings, but Brian McCann knocked in a run with a single in the top of the fourth to cut the deficit to one run. Carlos Correa hit a game-tying solo home run in the eighth. The Astros kept their foot on the gas, scoring two more runs on RBI singles from Evan Gattis and Marwin Gonzalez in the top of the eighth and another in the top of the ninth on Correa’s sacrifice fly.

Starter Lance McCullers allowed four runs (two earned) on six hits and two walks with nine strikeouts over six innings. Tony Sipp worked a scoreless seventh. Ken Giles did the same in the eighth. Hector Rondon finished off the win in the ninth, working around a one-out walk with a game-ending double play.

After winning all 10 games on their road trip against the Rangers, Athletics, and Royals, the Astros will head home for a nine-game homestand against the Rays, Royals, and Blue Jays. Each club is below .500.