The Chicago White Sox officially announced the terms of the five-year contract extension for LHP John Danks on Thursday. The new deal buys out one of Danks's arbitration years and keeps in Chicago until 2016:
Under terms of the agreement, Danks will receive $8 million in 2012, which was to be his final season of arbitration eligibility, and $14.25 million in each of the 2013-16 seasons.
On the whole though, it's a fair market deal that works in the White Sox' favor thanks to the organization's talent for handling pitchers.
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