The White Sox are trying to create room in their budget to sign John Danks to a multiyear extension, according to Doug Padilla of ESPNChicago.com. Danks, who will be eligible for free agency after the 2012 season, earned $3.45MM this year in his first season as an arbitration eligible player. The White Sox would like to lock him up through 2013 or, preferably, 2014, according to Padilla’s source.
The 25-year-old logged over 200 innings for the second consecutive season in 2010, pitching to a 3.72 ERA with 6.8 K/9 and 3.0 BB/9. He’s coming off of a strong season and a relatively large salary for a player in his first season of arbitration. Danks would probably earn roughly $5.5MM through arbitration next year, so a three-year extension could fall in the $23MM range and a four-year extension could cost $10MM or so more.
Click here for an in-depth explanation of why teams have interest in locking up young starters like Danks.