Giolito was projected to earn around $3.25 million, according to Cot's Baseball Contracts, coming off consecutive top-seven finishes in American League Cy Young Award voting. He gave the White Sox one of their most memorable pitching performances of 2020 with a no-hitter against the Pirates on Aug. 25, the first no-no for the Sox since Philip Humber's perfect game in '12.
The 26-year-old found his ace form in 2019, when he broke out with a 3.41 ERA in 29 starts, and he took another step forward in the shortened '20 season, during which he maintained a 3.48 ERA and lowered his WHIP, FIP, and hits allowed rate while increasing his strikeout rate. He should once again helm a starting rotation that also features Dallas Keuchel and newly acquired right-hander Lance Lynn, who finished one spot ahead of Giolito in the two most recent Cy Young races in the AL.
Though López has taken steps back in each of the last two seasons, he has still been relied upon to hold down a starting spot since 2018. Coming off a 6.49 ERA in '20, López is among a slew of candidates who could figure into the back of the rotation picture alongside Dylan Cease and Michael Kopech or transition into the White Sox bullpen.