Report: Peavy agrees to $24M deal to stay with Giants

SAN FRANCISCO (AP) — Pitcher Jake Peavy has agreed to a $24 million, two-year contract to stay with the World Series champion San Francisco Giants, a person familiar with the negotiations said Friday.

The person spoke on condition of anonymity to The Associated Press because the deal had not yet been announced.

Peavy gets a $4 million signing bonus, $7 million next season and $13 million in 2016. The deal includes a full no-trade provision and award bonuses.

A 33-year-old right-hander, Peavy helped Boston win the 2013 World Series, was traded to San Francisco on July 26 and won another championship with the Giants.