I don't know if I'd be upset by offering him 4/70 necessarily, but it wouldn't be a slam dunk in my eyes. The way it's backloaded makes it a huge risk. That 2013 amount of 22 million is a huge burden. He's had nagging injury issues creep up the last couple years, and his fastball is already down a couple ticks. He's already seen his best days. He's still young, but so was Ben Sheets when the Brewers re-signed him. If fans thought Sheets was overpaid (wasn't at all), they could end up despising Peavy. Sheets was good enough to still be worth 10 mil or more when he was injured for partial seasons, but at an average of 17 mil per season Peavy will need to stay healthy.