So much for testing the market after a rebound season. The Chicago White Sox and Jake Peavy have agreed to a 2-year, $29 million contract extension, earning $14.5 million dollars for each year of the deal. A 2015 option is also included in the deal, but the odds of that being picked up are slim to none, so what’s it matter? It appears to be a win-win deal for both parties involved. Peavy gets a nice, short-term payday at age 31, and the White Sox lockup a clubhouse favorite who really bounced back in a big way in 2012.
Before the 2012 season even started, I wrote about how no one should panic about Peavy’s weak 2011 considering his peripherals were rather solid. Once again, SABR-stats gave me a nice road map for a player’s season, given the fact Peavy was his dominant self once again.
In 32 starts this season, Peavy threw 219 innings, which was more than he threw in the previous two season with Chicago. The best thing about those 219 innings was that most of them were pretty solid, seeing as he had a 3.37 ERA, 3.73 FIP, 7.97 K/9, and a 4.4 fWAR.
For the very reason I thought Peavy would rebound this season is part of the reason I’m somewhat weary about this deal, even though I think it’s a smart one. His BABIP, LOB%, and HR/9 ratios are pretty concerning, but a two-year deal will not hurt the White Sox by any means.
With the Peavy re-signing, it’s clear someone will get traded, with Gavin Floyd being the top choice. With John Danks returning to the rotation in 2013, the Sox have a surplus of mid-rotation starters; ergo, Floyd will be the top choice of new GM Rick Hahn.
It’s clear Peavy loves Chicago and his teammates to take this deal without testing the market. Like I said during the All-Star Break, I really believed the #TakeJake campaign really won him over. It showed to him exactly how much the fans love and support him.
For this deal to work, the Sox need Peavy to be the inning-eater he was in 2012. Even if he isn’t that pitcher that he was last season, it’s only a two-year commitment for a team that can afford it.