Report: Scott Downs, White Sox close
Downs would earn $3.75 million next season, and the White Sox would hold a $4.25 million option for 2015 with a $250,000 buyout.
Fox first reported the pending deal.
The White Sox announced the signing of right-handed pitcher Ronald Belisario to a one-year, $3 million contract on Thursday. Belisario, 30, went 5-7 with a 3.97 ERA in 77 games with the Los Angeles Dodgers last season.
MLB ON ESPN.COM
Who's going to win the Gillette Home Run Derby? Our experts make their picks.