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07/31/2004 4:49 PM ET
White Sox acquire Jose Contreras and cash from New York in exchange for Esteban Loiaza
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CHICAGO -- The Chicago White Sox have acquired right-handed pitcher Jose Contreras and cash considerations from the New York Yankees in exchange for pitcher Esteban Loaiza.

Contreras, 32, was 8-5 with a 5.64 ERA (60 ER/95.2 IP) in 18 games (all starts) for the Yankees in 2004. In two seasons with New York, the native of Cuba is 15-7 with a 4.64 ERA (86 ER/166.2 IP) and 154 strikeouts in 36 games (27 starts). The right-hander, who is signed through 2006, went 7-2 with a 3.30 ERA over 18 games in 2003.

"Jose is a pitcher we have pursued for some time," said Ken Williams, White Sox general manager. "Adding a pitcher of Jose's caliber gives us a solid starting rotation for the remainder of this season and into the future."

Contreras, who was named Cuba's Male Athlete of the Year three times during a 10-year stretch when he starred for the Cuba National Team, defected in October 2002.

Loaiza, 32, was 9-5 with a 4.86 ERA (76 ER/140.2 IP) in 21 games with the White Sox in 2004 after going 21-9 with a 2.90 ERA and an American League-leading 207 strikeouts in 2003. In 10 Major League seasons, the right-hander is 99-87 with a 4.60 ERA (829 ER/1,620.2 IP) in 290 games with Pittsburgh (1995-98), Texas (1998-2000), Toronto (2000-02) and the White Sox (2003-04). He was an All-Star in 2003 and 2004.

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