Kaplan: Sox protected by insurance policy for Peavy

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Kaplan: Sox protected by insurance policy for Peavy

Tuesday, April 19, 2011
Posted: 2:24 p.m.

By David Kaplan
CSNChicago.com

Thank Goodness for Insurance

Baseball sources tell us that while Jake Peavy's contract calls for him to be paid 16 million in 2011 and 17 million in 2012, plus a 4 million dollar buyout of his 2013 option year which was for 22 million, the White Sox are significantly protected by an insurance policy that was originally purchased by the San Diego Padres when Peavy signed his current three-year deal in 2009. While exact figures are not available we hear that approximately 65 of the dollars owed to Peavy are covered by insurance. Depending on the severity of his injury, that savings should allow the White Sox some flexibility if they decide to trade for another pitcher during the season.

Peavys agent Barry Axelrod would not comment on the value of the insurance policy but he did tell us that his client fully cooperated when the Padres went to insure the contract. We had a responsibility to cooperate and do all that was asked by the insurance company and Jakes former club (San Diego) to allow them to insure his deal and we did do that.

Axelrod also told us that it is now much more difficult to insure long term deals on pitchers than it was just a few years ago. Industry wide it is becoming much more difficult to insure a contract for a pitcher beyond three years because of the risk of injury in the job, Axelrod said.

Iowa hoopster Cully Payne transfers to Loyola

Former Schaumburg HS basketball star Cully Payne has decided to transfer from Iowa to Loyola. Payne was named to the All Big 10 Freshmen team in 2009-10 and will have three years of eligibility remaining after sitting out the 2011-12 season per NCAA rules.

Dining Out Dept

Bulls players Taj Gibson and Ronnie Brewer enjoying dinner together at Hugos Frog Bar over the weekend.

White Sox stars John Danks and Peavy taking rookie third baseman Brent Morel to dinner at The Fifty50.

Acting legend Burt Reynolds dining at Harry Carays on Navy Pier.

This from the Cincinnati Enquirer

Reds left-hander Aroldis Chapman, who got the last three games off to get over a tender elbow, worked the ninth inning of Monday night's loss to the Pirates and threw a pitch that registered 106 mph on the scoreboard but was clocked at 103 on another pitch tracker. Read the rest of the story here.

More from The Cincinnati Enquirer

Reds pitcher Mike Leake was charged with misdemeanor theft hours before Monday's game after being accused of removing security tags from six T-shirts at a downtown store and leaving without paying for them, store security and police said. Employees at Macy's called police after they said Leake removed the tags from six American Rag T-shirts, valued at 59.88, and left the store with them. The incident was captured by security cameras, police documents state. Read the rest of the story here.

David Kaplan is the host of Chicago Tribune Live on Comcast SportsNet. Follow him on Twitter @thekapman.

How to watch, stream White Sox vs. Yankees

How to watch, stream White Sox vs. Yankees

The White Sox take on the New York Yankees on Tuesday, and you can catch all the action on CSN and live streaming on CSNChicago.com and the NBC Sports App.

First pitch is scheduled for 7 p.m. Be sure to stick around after the final out to get analysis and player reaction on White Sox Postgame Live.

Today’s starting pitching matchup: Jose Quintana (4-8, 4.69 ERA) vs. Luis Severino (5-3, 3.30 ERA)

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Last-place White Sox ready to trade, but only if the right offer arises

Last-place White Sox ready to trade, but only if the right offer arises

That the White Sox lost their fourth consecutive game doesn’t change the big picture plans of the franchise, which probably — but not definitely — will involve making at least one trade before the end of July.

Before the White Sox lost, 6-5, to the New York Yankees Monday at Guaranteed Rate Field, general manager Rick Hahn met with the media and delivered the same message he’s had since trading away Chris Sale and Adam Eaton in December. The White Sox are open for business, and would like to make a number of moves to further bolster their farm system, but won’t make a trade if they don’t receive what they view to be a fair return.

“Would I be surprised (if we didn’t make a trade)? No, because I try not to be surprised by the dynamics of this market,” Hahn said. “Would I be mildly disappointed? Sure. We are here to try to improve this club.

“We feel we have certain first and desirable players that would help other clubs and may fit better on their competitive windows then they do on ours right now. And we intend to be active each day in trying to further accomplish what we set out to do a year ago at this time.

“But do we have to do it? No. That would be using an artificial spot on the calendar to force decision-making. That would be the last thing we need to do. We need to take a long term view of what we are trying to accomplish.”

Hahn didn’t name names, but Todd Frazier, Melky Cabrera, David Robertson could be short-term fixes for contending clubs. Jose Quintana, who will start Tuesday against the Yankees, remains the team’s most valuable trade chip despite a 4.69 ERA that sits over run higher than his career average.

Frazier homered Monday and entered the game hitting .262/.351/.524 since Memorial Day. Cabrera similarly has found success after a slow start, slashing a healthy .324/.375/.482 in his previous 34 games before picking up two hits in four at-bats Monday. And Robertson, who’s been linked to the relief-starved Washington Nationals for months, has 41 strikeouts in 27 1/3 innings with 11 saves.

“We want to be able to do as much as we can in our power to get this team to where it needs to be,” Hahn said. “Yes, there’s an element of competitiveness involved in that. There’s an element of patience involved in that. But at the end of the day, we have to — we get paid to be prudent in our decision making. We have to make the right decision.”

In the meantime, the White Sox looked the part of a rebuilding team with the worst record in the American League on Monday. Starter David Holmberg struggled, allowing six runs on five hits and four walks in 5 1/3 innings — but only two of those runs were earned thanks to errors by Holmberg, Frazier and Matt Davidson.

As the Yankees took advantage of those miscues with three runs in both the fourth and sixth innings, Jordan Montgomery retired nine consecutive White Sox batters and went on to cruise with eight strikeouts over seven innings. The White Sox – as they’ve done quite a bit this year – still showed fight late, battling back in the ninth inning.

Tim Anderson ripped a three-run home run in the ninth inning off Yankees left-hander Chasen Shreve to bring the White Sox within two. Joe Girardi quickly turned to Aroldis Chapman, who allowed a run when Jose Abreu doubled home Melky Cabrera. But the tying run was stranded on second when Avisail Garcia grounded out and Frazier flew out to end the game.