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Jake Peavy: Two-Year Extension with White Sox
Update: Peavy has signed a two-year, $29 million extension with the White Sox including an option for 2015, the team's official Twitter feed reports.

Recommendation: Instead of a $22 million option for 2013, the White Sox opted to work out a new deal with Peavy, putting his average salary at $14.5 million for the next two seasons on the heels of a healthy 2012 campaign that included a 3.37 ERA (3.73 FIP) and 8.0 K/9IP over 32 starts for the White Sox.

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