Danks and the White Sox agreed to a $6 million deal while Quentin will get $5.05 million and Pena $1.6 million. The White Sox have no more arbitration-eligible players.
Danks was 15-11 with a 3.72 ERA last season. A source indicated earlier this winter to ESPNChicago.com's Doug Padilla that the White Sox were serious about the option of signing Danks to a three- or four-year deal that would take him past his arbitration years. Danks reportedly declined a four-year, $15 million deal last offseason.
Quentin, who batted .243 with 26 home runs and 87 RBIs, was also offered a four-year deal last offseason but declined for a one-year offer.
Pena had a 5.10 ERA in 52 games last season primarily out of the bullpen.
Also on Tuesday, the White Sox claimed pitcher Phil Humber off waivers from the Oakland Athletics. Humber, 28, spent most of last season with Triple-A Omaha in the Kansas City Royals organization. The White Sox's 40-man roster now stands at 38.
Bruce Levine covers baseball for ESPNChicago.com and ESPN 1000.