White Sox sign Jake Peavy to 2-year contract, pick up option on Gavin Floyd

The White Sox will maintain some consistency in its pitching staff for 2013. On Tuesday, the White Sox re-signed right-handed starter Jake Peavy to a 2-year, $29 million deal that keeps him on the South Side through 2014. The contract includes a provision that gives Peavy the option to extend the contract for $15 million if he pitches a certain number of innings in the deal's two years.

Peavy, 31, made 32 starts and pitched 219 innings in 2012, the most starts and innings he had thrown since leading both leagues in ERA and strikeouts with San Diego in 2007. Peavy will still receive the $4 million buyout included in his previous $22 million contract; the money will be paid out from 2016 through 2019.

Chicago also picked up its option on Gavin Floyd Tuesday, which pays the starter $9.5 million in 2013. The team option was appended to a four-year, $15.5 million contract Floyd signed in March 2009.