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Peavy, Sox agree to $29M, 2-year deal CHIC

CHICAGO – Pitcher Jake Peavy and the White Sox agreed Tuesday to a $29 million, two-year contract.

The right-hander will receive $14.5 million in each of the next two seasons. Peavy would receive a $15 million option for 2015, depending on innings during the next two years.

Peavy’s previous deal included a $22 million option for next season with a $4 million buyout. The buyout will be paid in equal installments from 2016-19.

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