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.

The Yankees and Red Sox will both be wearing home whites for the London Series

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This summer’s series between the Yankees and Red Sox in London is, technically, a home series for the Red Sox, with the Yankees serving as the visitors. Pete Abraham reports that Major League Baseball is dispensing with the usual sartorial formalities, however, and will have both teams wearing their home livery: the Red Sox will wear white and the Yankees will wear pinstripes.

It’s marketing more than anything, as you can’t really put your league’s marquee franchise on an international stage and not have it wearing its iconic duds, right?

It’s also pretty harmless if you ask me. Baseball is not like football or basketball in which you have to have contrasting uniforms in order to keep one side from accidentally throwing the ball to the opposition or what have you. And with so many teams wearing solid color alternates now — sometimes both the home and road team are in blue or red jerseys in the same game — it’s not like there hasn’t already been a breakdown in home white/road gray orthodoxy. I prefer the classics, but I lost that battle a long time ago.

So: I say let a thousand colors fly. Heck, let the Yankees wear their pinstripes on the road all the time. Who’ll stop ’em?