The White Sox and starting pitcher John Danks agreed to terms on a five-year contract extension worth $65 million. Danks will make $8 million in 2012 and $14.25 per season for the next four years. ESPN.com's Bruce Levine first reported the deal on Dec. 21. By agreeing to terms with Danks, the White Sox avoided an arbitration hearing that would have likely cost the team between $9 million and $10 million in 2012.