White Sox star right-hander Jake Peavy appears likely to become another very good starting pitching option in a thin free-agent class.
Word is the White Sox have signaled to Peavy they are unlikely to pick up his $22 million club option for 2013, meaning they'd pay the $4 million buyout and effectively make him a free agent.
If the White Sox do decide not to pick up Peavy’s option, the 31-year-old would receive a $4 million buyout. Heyman notes that the White Sox could decline the option and still attempt to re-sign Peavy, but he doesn’t expect a deal to be reached before the right-hander reaches free agency.
While some may not think Peavy is worth such a high annual salary, he has been impressive for the White Sox this season. Over twenty-nine starts he’s maintained an ERA of 3.26 with 8.0 strikeouts per nine innings compared to 2.0 walks per nine.