The Chicago White Sox and All-Star relief pitcher Matt Thornton have agreed to terms on a two-year, $12-million contract extension which includes a club option for the 2014 season.
Under terms of the deal, the left-handed Thornton will receive $5.5 million each in 2012 and 2013. The White Sox hold a $6-million option for the 2014 season, which includes a $1-million buyout. Thornton, 34, will earn a base salary of $3 million in 2011 as per the terms of the three-year contract extension (with club options for 2010-11) he signed with the Sox on April 1, 2007. …
UPDATE: JJ writes Thornton’s extension is good but not without risk.