Pitcher Jake Peavy and the Chicago White Sox agreed on Tuesday to a US$29 million, two-year contract.
The right-hander will receive US$14.5 million in each of the next two seasons. Peavy could receive a US$15 million option for 2015 if he has 400 innings in the next two years, including a minimum of 190 in 2014, and if he does not finish 2014 on the disabled list.
Peavy’s previous deal included a US$22 million option for next season with a US$4 million buyout. The buyout will be paid in equal installments from 2016 to 2019.
The 2007 National League Cy Young Award winner went 11-12 with a 3.37 ERA in 32 starts this year after three injury-riddled seasons.
Chicago also exercised a US$9.5 million option on right-hander Gavin Floyd on Tuesday, declined a US$10 million option on right-hander Brett Myers and turned down a US$13 million option on third baseman Kevin Youkilis, acquired from Boston in June. Myers gets a US$3 million buyout and Youkilis US$1 million.
The Los Angeles Dodgers brought back Brandon League, agreeing to a US$22.5 million, three-year deal.
League, acquired from Seattle at the July trade deadline, went 2-1 with six saves and a 2.30 ERA in 28 appearances with Los Angeles. He was especially effective over the final months of the season, posting a 0.55 ERA in 15 appearances in September and October, sixth-lowest in the National League during that stretch.
“He’s somebody we really thought we needed to have here and to build a bullpen,” Dodgers general manager Ned Colletti said.
League, who was 2-6 with 15 saves and a 3.13 ERA in 74 games with the Dodgers and Seattle this season, will be the designated closer, Colletti said. League has saved 52 games, finished 99, and posted a 2.97 ERA in 139 appearances over the last two seasons.
Detroit exercised a US$6 million option on shortstop Jhonny Peralta and a US$3.5 million on reliever Octavio Dotel, and also extended manager Jim Leyland’s contract through next season.
Atlanta exercised options on catcher Brian McCann (US$12 million), right-hander Tim Hudson (US$9 million) and left-hander Paul Maholm (US$6.5 million).
Texas declined options on right-handers Scott Feldman (US$9.25 million) and Yoshinori Tateyama (US$1.2 million).
Oakland allowed left-hander Dallas Braden and right-hander Joey Devine to become free agents. The pair refused minor league assignments.