Report: White Sox Have Insurance Policy For Peavy
ST. PETERSBURG, Fl. (CBS) --
Chicago White Sox pitcher Jake Peavy is working his way back from shoulder tendinitis. In two years with the White Sox, Peavy has made only 20 starts, after coming over in a trade from the San Diego Padres.
According to David Kaplan, of CSN Chicago, the White Sox have an insurance policy that would reportedly recoup around 70% of the of Peavy's contract, depending on the severity of an injury.
According to the report, Peavy is set to make $16 million in 2011 and $17 million in 2012, and the 2013 contract year has a $4 million dollar buyout of the $22 million owed for that season.
The insurance policy, according to Kaplan, was originally purchased by the Padres before they signed Peavy to his current deal.
If the White Sox decide to trade Peavy, the insurance policy would provide them with some protection from being saddled with a significant portion of his remaining salary.
Peavy missed a great deal of the 2010 season with a detached latissimus dorsi muscle near his right shoulder, and began suffering right rotator tendinitis one month ago. He was scheduled to return to the White Sox on April 29, but after being pulled from a minor league rehab start after only 15 pitches on Monday, that time table becomes less likely.
