San Francisco: Veteran pitcher Jake Peavy, who helped San Francisco win the World Series for the third time in five seasons, has signed a two-year deal to remain with the Giants.
The team announced Tuesday that the 33-year-old right-hander would remain in San Francisco, who obtained him from Boston in July just ahead of the Major League Baseball trade deadline.
The deal, reportedly worth $20 million, comes after Peavy revived his fortunes in 2014 following only one win in 20 starts with the Red Sox.
Peavy, a three-time All-Star and 2007 Cy Young Award winner as the National League`s top pitcher, went 6-4 with the Giants in 12 regular-season starts with a 2.17 earned-run average and went 1-2 in four playoff appearances.
The Giants defeated Kansas City four games to three in the best-of-seven championship final last October, following World Series crowns in 2010 and 2012.
Peavy is 139-111 with a 3.53 earned-run average over 13 major league seasons.