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Chicago White Sox sign Jake Peavy for $29 million

  • The Chicago White Sox have signed a two-year contract worth $29 million with pitcher Jake Peavy.

    The new deal also includes a $15 million option in 2015 if Peavy reaches an innings threshold over the next two seasons.

    Peavy pitched over 200 innings for the first time since 2007 last season.