White Sox Re-Sign Peavy for $29 Million, Pick-Up Floyd, Decline Youkilis, Myers

 Peavy signed a two-year, $29 million contract with an option for 2015

The Chicago White Sox made moves today to solidify their starting rotation for 2013. The team  signed Jake Peavy to a two-year, $29 million deal and picked up Gavin Floyd‘s $9.5 million option for 2013. The team also announced that it had declined Kevin Youkilis‘ $13 million option and Brett Myers‘ $10 million option for next year.

Peavy will get him $14.5 million in each of the next two seasons. Peavy would receive a $15 million option for 2015, depending on innings during the next two years. went 11-12 with a 3.37 ERA in 32 starts this year. It had been reported that while the White Sox would not exercise Peavy’s $22 million club option for 2013, they would be open to signing him to a new deal, which is what today’s announcement was.

“Jake Peavy showed again last season why he is capable of being one of the top pitchers in the American League,” White Sox general manager Rick Hahn said in a statement. “Early on in this process, Jake expressed his strong desire to remain with the White Sox, and we’re happy to reach a deal that keeps him at the top end of our rotation and his influence in our clubhouse for at least the next two years.”

Peavy’s previous deal included a $22 million option for next season with a $4 million buyout. The buyout will be paid in equal installments from 2016-19.

Floyd was 12-11 with a 4.29 ERA and 144 strikeouts in 29 starts last season, his fifth straight year with double-digit wins.

Youkilis came to the White Sox after a trade with Boston in late June and batted .236 with 15 home runs in 80 games for Chicago.

Myers was 3-4 with a 3.12 ERA in 35 relief appearances with Chicago after being acquired from Houston on July 21.