Breaking News

Home Depot Names Craig Menear CEO, Frank Blake to Remain as Chairman

White Sox Give Pitcher John Danks $65 Million Contract After 8-12 Season

The Chicago White Sox agreed to terms on a five-year, $65 million deal with pitcher John Danks, a 26-year-old left-hander who has a 54-56 record over five Major League Baseball seasons.

Danks had an 8-12 record with a 4.33 earned run average in 27 starts for the White Sox last season. After losing his first eight decisions, Danks went 8-4 with a 3.69 ERA.

Danks, who broke into the major leagues with the White Sox in 2007, will receive $8 million in 2012, which would have been his final season of arbitration eligibility. He’ll get $14.25 million each season from 2013 through 2016, the White Sox said in a statement on their website.

Danks went 15-11 during the 2010 season and ranks fourth among American League left-handed pitchers with 48 wins over the past four years, trailing Jon Lester of the Boston Red Sox, CC Sabathia of the New York Yankees and former teammate Mark Buehrle, who signed with the Florida Marlins as a free agent in December.

To contact the reporter on this story: Erik Matuszewski in New York at

To contact the editor responsible for this story: Michael Sillup at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.