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Giants Acquire Jake Peavy

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USATSI_7974100_154513410_lowresThe Giants have acquired Jake Peavy from the Red Sox, CBS Sports’ Jon Heyman tweets. The Red Sox will receive pitching prospects Edwin Escobar and Heath Hembree, ESPN’s Buster Olney tweets. The Giants will pay $2MM of what’s left on Peavy’s contract, ESPN’s Jim Bowden tweets.

The trade reunites Peavy with Bruce Bochy, who managed him with the Padres. The deal also provides the Giants with valuable starting pitching depth, which they needed, given Matt Cain’s injury. The Red Sox, meanwhile, add prospect depth while clearing space for younger starting pitchers like Brandon Workman and Allen Webster.

Peavy is making $14.5MM in his final season before free agency. (His contract indicates that he can receive a player option for 2015, but he will not be able to pitch enough innings to attain it.) In 124 innings this season, has a 4.72 ERA with 7.3 K/9 and 3.3 BB/9.

Escobar and Hembree appear to constitute a strong return for Boston. The lefty Escobar, 22, has pitched the entire season with Triple-A Fresno, posting a 5.11 ERA with 7.8 K/9 and 3.0 BB/9. He had a very strong 2013 season at Class A+ and Double-A. MLB.com ranked him the Giants’ No. 2 prospect and the No. 75 prospect in all of baseball, noting that he could become a middle-of-the-rotation starter.

Hembree, 25, has spent most of the 2014 season with Fresno, where he’s posted a 3.89 ERA with 10.5 K/9 and 3.0 BB/9 in 39 1/3 innings of relief. He appeared in nine games in the big leagues in 2013. MLB.com ranked him the 11th-best prospect in the Giants’ system, noting that he has long been regarded as a potential closer. Both Escobar and Hembree were on the Giants’ 40-man roster, although the Red Sox had a 40-man spot open before the trade, so they didn’t need to make any further moves to add both.

Heyman tweeted that the Red Sox would acquire minor league pitchers in return, with WEEI.com’s Alex Speier tweeting that the Red Sox would get one righty and one lefty. Jen Royle of the Boston Herald tweeted this morning that Boston was close to trading Peavy to an NL team, and FOX Sports’ Ken Rosenthal tweeted that the Red Sox and Giants were in serious discussions. CSNBayArea.com’s Andrew Baggarly reported that the Giants would receive cash in the deal.

Photo courtesy of USA Today Sports Images.

Giants, Red Sox Near Jake Peavy Deal

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10:06am: The Red Sox are “close” to trading Peavy to the Giants, Rosenthal and Jon Morosi report (via Twitter), although there are still details to be ironed out before the deal is done.

9:58am: Yesterday, the Red Sox and Giants were in the midst of serious talks regarding Peavy, Ken Rosenthal of FOX Sports tweets. The Giants don’t have much starting pitching depth right now and currently have Yusmeiro Petit in the rotation in place of the injured Matt Cain. Also, Peavy and Giants manager Bruce Bochy worked together when they both were with the Padres.

9:33am: The Red Sox are “close” to trading starting pitcher Jake Peavy to an unknown National League team, Jen Royle of the Boston Herald tweets. (She notes, however, that “[l]ots of things need to happens before this gets done.”) That NL team is not the Cardinals, who have lately been connected to Peavy. (The Red Sox had reportedly been scouting the Cardinals’ system in case Peavy trade discussions advanced.) The Braves have also reportedly been involved in Peavy trade talks, and Royle guesses that the Giants or Brewers could also be possibilities.

Peavy has a 4.72 ERA with 7.3 K/9 and 3.3 BB/9 in 124 innings this season. He is making $14.5MM this season before heading to free agency this winter.

AL Notes: Hamels, Peavy, Yanks, Masterson, Tigers, Angels

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Here’s the latest out of the American League:

  • The Red Sox could be involved as both buyers and sellers, according to reports from ESPN.com’s Jayson Stark (Twitter links). After inquiring with the Phillies on lefty Cole Hamels, Philadelphia has sent scouts to watch Boston’s Double-A affiliate. Meanwhile, the Red Sox have sent their own “top scouts” to take a look at the Cardinals’ New York-Penn League club over the last few days, suggesting that a deal sending Jake Peavy to St. Louis could still be in the offing.
  • Though recent reports may (to some extent) suggest otherwise, Yankees GM Brian Cashman said earlier today that the team’s priority at this point is to add an “offensive piece,” as Bryan Hoch and Jake Kring-Schreifels of MLB.com report. “It still feels like the pitching needs more help, but honestly, the offense has been consistently poor throughout the entire year.” Cashman added that, while second base prospect Rob Refsnyder could be the team’s “second baseman of the future, maybe as early as next year,” he would potentially only see time in the outfield at the MLB level this year and would not represent an immediate upgrade over incumbent Brian Roberts at the keystone.
  • Justin Masterson of the Indians may still be working through a rehab assignment, but that has not stopped teams from inquiring as to his availability, Paul Hoynes of the Plain Dealer reports. Hoynes writes that the interest in Masterson suggests both that the trade market for starters is wanting for quality and that teams value players differently, with some potentially willing to bet on a return to the righty’s results from 2013. Of course, as manager Terry Francona notes, a healthy and productive Masterson could also provide a significant boost to Cleveland’s own chances.
  • As they peruse the market from the buy side, the Indians are looking for players with future control rather than rentals, tweets ESPN.com’s Jim Bowden. That is unsurprising, given the team’s careful resource management and somewhat long postseason odds.
  • We learned earlier today that the Tigers are expected to pursue a left-handed reliever. The club does not appear to be in the market for a left-handed hitting outfielder or an infielder to play on the left side, as Chris Iott of MLive.com reports. “I don’t know that either one of them would be real high on our priority list at this point,” said GM Dave Dombrowski.
  • The Angels are unlikely to deal for a starter in advance of the trade deadline, Ken Rosenthal of FOX Sports reports on Twitter. Though the club has some payroll available to make an addition, it is hesitant to ship out more prospects after a series of recent moves.

NL Central Links: Pirates, Burnett, Cardinals, Peavy

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The Pirates are not on A.J. Burnett’s 20-team no-trade clause (as outlined by ESPN’s Jerry Crasnick earlier today), and they are his preferred destination if the Phillies choose to move him, according to Ken Rosenthal of FOX Sports (Twitter links). As I speculated in this morning’s post on his no-trade clause, however, Rosenthal notes that Burnett’s complex mutual/player option may be a deterrent for the Bucs, as Burnett could potentially be a spendy acquisition if he makes a full season’s worth of starts. Nonetheless, Pirates players are lobbying with the front office in an attempt to persuade GM Neal Huntington and his staff to reacquire their former teammate, according to Rosenthal.

Here’s more out of the NL Central…

  • Pirates president Frank Coonelly says that the team has financial flexibility to add payroll, tweets Jon Paul Morosi of FOX Sports. Whether or not that would extend to taking on Burnett’s future commitments, of course, remains to be seen.
  • Cardinals GM John Mozeliak said last night that he expects Michael Wacha to pitch in September, but Rosenthal tweets that St. Louis is still looking for rotation upgrades. The Cardinals are exploring everything from front-line starters to back-of-the-rotation types, he says.
  • Peter Gammons reports that the Red Sox have been scouting Cardinals short-season Class-A outfielder Rowan Wick in case the Redbirds decide to make a run at Jake Peavy (Twitter link).
  • The reason that a deal sending Peavy to the Cardinals has not yet taken place, tweets Buster Olney of ESPN.com, is that Boston wants a prospect of some kind in return. St. Louis, meanwhile, was more interested in doing the deal primarily in exchange for taking on Peavy’s salary. Peavy is earning $14.5MM this year. (A $15MM player option would vest for 2015 if he is able to log at least 137 2/3 more innings this year, though that would appear to be quite a tall order.)

Jeff Todd contributed to this post.

Central Notes: Indians, Royals, Rios, Twins, Willingham, Cards, Peavy

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There was some action on the shortstop front for the Indians today, as starter Asdrubal Cabrera left the game with lower back spasms, per Paul Hoynes of the Cleveland Plain Dealer (via Twitter). That would appear to be a minor injury, but the news coincided with the club’s decision to promote top prospect (and fellow shortstop) Francisco Lindor to Triple-A, as Hoynes tweets. Cleveland has indicated, however, that the move was unrelated. Of course, Cabrera has often been mentioned as a trade candidate — at season’s end if not at this year’s deadline — due in large part to the continued rise of Lindor, his presumed successor.

Here’s more out of the AL and NL Central:

  • With the Royals focusing on adding a corner bat, one possibility that the club has considered is Alex Rios of the Rangers, reports Jon Heyman of CBSSports.com. Rios does have a six-team no-trade clause which, according to Cot’s on Contracts, includes Kansas City. His $13.5MM club option for next season is not cheap, but could potentially take the place of Billy Butler’s own $12.5MM option if the latter is dealt or has his option declined.
  • The Twins appear to be prepared to sell, according to a report from MLB.com’s Rhett Bollinger. “We’re in a tough spot right now and we’ve been in a tough spot for four years,” said GM Terry Ryan. “So you have to listen. And that’s what we do.” 
  • One prime trade candidate for the Twins is outfielder Josh Willingham, who is slashing .209/.357/.399 with eight home runs in 207 plate appearances as he prepares to hit the open market after the season. Two clubs to watch as possible suitors are the Reds and Pirates, tweets Darren Wolfson of 1500 ESPN.
  • The Cardinals received some promising news on righty Michael Wacha, who could begin throwing again in two weeks after seeing improved MRI and CT scan results, reports Rick Hummel of the St. Louis Post-Dispatch. An early September return still appears the best case scenario, according to GM John Mozeliak. But Wacha’s health will not dictate the club’s trade deadline plans. “They’re independent of each other,” said Mozeliak. “That’s still something we can explore in the next eight to ten days.”
  • One oft-discussed option for the Cardinals is veteran Red Sox starter Jake Peavy, who once seemed close to being moved but could now be held as Boston looks to make a late surge. St. Louis is still keeping Peavy on their “back burner,” a source tells Nick Cafardo of the Boston Globe (Twitter link), who notes that Peavy has put together three consecutive solid outings.

AL East Notes: Peavy, Dempster, Blue Jays

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The Red Sox have set their rotation following the All-Star break, and it suggests they could be preparing for a Jake Peavy trade, Pete Abraham of the Boston Globe writes. Peavy is not scheduled to pitch again until July 22. If a Peavy trade were to take place before then, the Sox would have enough time to recall Brandon Workman, who was optioned to Triple-A last Wednesday. Here are more notes from the AL East.

  • Sox chairman Tom Werner regrets that the team didn’t do more to address its outfield last offseason, Abraham writes. “[W]e didn’t expect Shane Victorino to be on the disabled list for as long as he has been. We knew that Jackie Bradley had the potential to be a superstar but his season hasn’t been as robust as we all imagined. We’re still very confident about his potential,” says Werner. “But should we have gone after Nelson Cruz? I guess so.” Werner adds that the Red Sox are still deciding whether to be buyers or sellers at the trade deadline, thinking that there may still be time for them to climb back into the race.
  • Ryan Dempster, a part of the Sox’ rotation last season, says he doesn’t regret taking the 2014 season off, Luis Gomez of the Chicago Tribune writes. “Fortunately, I haven’t missed it,” he says. “Not yet. With the way things ended with the World Series, I don’t feel like I’m missing it. Hopefully I don’t ever get that feeling.” Gomez notes that Dempster isn’t ruling out the possibility of a return in the future. The 37-year-old Dempster passed on the $13.25MM remaining on his contract for 2014 in order to spend time with his family.
  • Jose Bautista hopes the Blue Jays will add talent at the trade deadline, writes John Lott of the National Post. “If he does make a move, it’ll be welcome,” says Bautista. “It’s not necessarily on the players’ side that you feel like you need that to get to the top, but at times it’s nice when you do get that …  A lot of times it has a psychological effects too that help out.” Nonetheless, Bautista won’t be issuing any demands. “[W]e don’t feel like it’s a must,” he says. The Jays have struggled with injuries to players like Edwin Encarnacion, Adam Lind and Brett Lawrie and are now 3 1/2 games behind the Orioles in the AL East.

AL Notes: Peavy, Drew, Tigers

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Red Sox pitcher Jake Peavy is scheduled to start today against the Astros. The Red Sox have no contingency plan in place in case he’s unable to start, Brian MacPherson of the Providence Journal writes, which likely means no trade is imminent. “If I’m made aware that something is imminent there will be a contingency plan, but there’s no contingency for him,” says manager John Farrell. The Red Sox will likely trade Peavy in order to clear space for younger pitchers in Rubby De La Rosa and Brandon Workman. Here’s more from the American League.

  • Less than two months after signing with the Red Sox, Stephen Drew is contemplating the possibility of being traded, Scott Lauber of the Boston Herald writes. “Hopefully I’m here for the year. But I can’t tell you that,” says Drew. The shortstop says he has “no regrets” about rejecting the Red Sox’ qualifying offer, a decision that ultimately cost him money. But, he says, “It’s something that, we’ve got to look at that rule that kind of hurt some players and myself. It’s difficult to come up here and these guys have three months on you until the season’s over all the time.”
  • The Tigers are likely to be linked to plenty of relievers as the trade deadline approaches, Chris Iott of MLive.com writes. The Tigers aren’t likely to take on a big commitment, which could make someone like the Padres’ Joaquin Benoit (who is due significant salary in 2015) a less likely target than someone like the Rangers’ Joakim Soria (who will be a free agent after the season if his club option is declined).

NL East Notes: Desmond, Fedde, Maya, Braves, Phils

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In response to a report from Ken Rosenthal of FOX Sports in which it was reported that the Nationals were looking to add shortstop prospects to their system, Adam Kilgore of the Washington Post breaks down the reported offers to Ian Desmond and examines his contract situation. Desmond reportedly rejected an offer of $85-98MM over seven years this offseason, but as Kilgore notes, other shortstops with similar (or inferior) production have signed for more. Desmond has already said he feels financially secure — as well he should, having been guaranteed more than $23MM in his career — and he therefore doesn’t need to feel pressured to take a below-market deal, Kilgore writes. He concludes by noting that if Desmond finishes his career elsewhere, it’ll be because the Nationals let him walk, not because Desmond turned his back on the club.

Here’s more on Desmond and the NL East…

  • Desmond spoke with MLB.com’s Bill Ladson and flatly said that he expects to be a National in 2016 and beyond. “I can’t picture myself other than this,” said Desmond. “I can’t picture myself in any other uniform, clubhouse and Spring Training complex. I can’t see myself with any other coaching staff or anything like that. This is what I know. This is what’s on my mind. This is home for me.” Asked about the aforementioned Rosenthal report, Desmond declined to comment but added that there’s no ill will between him and the organization, and he has tremendous respect for GM Mike Rizzo’s decision-making skills.
  • In a second piece from Kilgore, he looks at the fact that three of the Nationals’ top 10 picks in this year’s draft — including first-rounder Erick Fedde and second-rounder Andrew Suarez — are unsigned. The Nationals are unlikely to sign ninth-rounder Austin Byler, a source tells Kilgore, meaning the Nats will lose $145,900 from their bonus pool, further complicating their negotiations with Fedde — a Scott Boras client. Rizzo considers it a “cardinal sin” to leave a top pick unsigned, notes Kilgore, who expects both Fedde and Suarez to sign. He feels that negotiations could come down to the wire, however.
  • The Doosan Bears of the Korea Baseball Organization are working on a buyout of minor league right-hander Yunesky Maya of the Braves, reports Dan Kurtz of MyKBO.net (on Twitter). The Cuban hurler was originally signed by the Nationals with much fanfare, but he never panned out in the Major Leagues. Maya, now 32, has a 2.63 ERA with 6.7 K/9 and 2.1 BB/9 in 85 2/3 innings this season for Triple-A Gwinnett.
  • The Braves don’t have the financial wherewithal to take on Jake Peavy or any other significant salary, writes Mark Bowman of MLB.com. He notes that in 2011, when the team acquired Michael Bourn from Houston, GM Frank Wren included an additional prospect in the deal to avoid having to pay the remainder of Bourn’s salary.
  • David Murphy of the Philadelphia Daily News looks at Jonathan Papelbon’s trade stock and a list of teams that will looking for bullpen help. He notes that there are a lot of excellent relievers on the market this year, all of whom make less money than Papelbon. Ultimately, he opines that a package of Papelbon and A.J. Burnett could be beneficial to the Orioles, though he feels the Angels and Tigers are other plausible destinations.
  • Antonio Bastardo is the name that Jim Salisbury of CSNPhilly.com hears the most in trade buzz (Twitter link). Entering play today, the 28-year-old southpaw had a 3.60 ERA with 50 strikeouts against 24 walks in 40 innings. Bastardo is earning $2MM this season after avoiding arbitration for the second time this offseason. He is under team control through 2015.

Latest On Trade Talks Involving Red Sox Starting Pitchers

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TODAY, 10:19am: The Braves are not interested in adding Peavy, sources tell David O’Brien of the Atlanta Journal-Constitution (Twitter link).

10:07am: While Peavy remains the pitcher that the club is most interested in dealing, Boston has fielded strong interest in fellow starter John Lackey, tweets Nick Cafardo of the Boston Globe. That is not terribly surprising: since the start of last year, Lackey has logged 306 2/3 innings of 3.64 ERA ball with 7.8 K/9 and 1.8 BB/9. And he is under contract for the league minimum for 2015.

YESTERDAY, 10:12pm: Peavy said that he has spoken with Red Sox GM Ben Cherington and understands that there is a possibility he will be dealt, tweets Pete Abraham of the Boston Globe. “Don’t think people are making stuff up,” he said.

6:31pm: Cardinals GM John Mozeliak says that the team believes it would need to give up one of its own starters to get a “top starter” in return, resulting in a net loss of years of control, tweets Goold.

6:06pm: The Cardinals are “looking for offense not Peavy” right now, reports Derrick Goold of the St. Louis Post-Dispatch (via Twitter). Goold says there is no match with Boston, given that Joe Kelly is expected to return to the rotation in short order.

5:52pm: Boston is discussing starting pitching — not just Peavy — with many teams, but there is “nothing imminent,” a team source tells Abraham (Twitter link).

4:20pm: The Braves are also involved in talks regarding Peavy, reports Pete Abraham of the Boston Globe.

4:16pm: The Cards and Red Sox are in active trade talks regarding Peavy, tweets Jon Morosi of FOX Sports.

12:45pm: ESPN’s Jayson Stark is now also hearing that the Cardinals are interested in Peavy, and he hears that something could come together quickly (Twitter link). The only Red Sox game that the Cards have scouted was the Peavy start that Edes originally referenced, according to Stark.

12:01pm: The Cardinals have had their share of pitching injuries of late, with Jaime Garcia out for the season and Michael Wacha out indefinitely, and Gordon Edes of ESPNBoston.com tweeted yesterday that the team scouted Jake Peavy’s most recent start for the Red Sox. Peter Gammons also tweets that he’s hearing the Redbirds have interest in Peavy.

The 33-year-old Peavy has struggled, to an extent, this season in what has been one of the least-effective campaigns of his 13-year career. He’s posted a 4.64 ERA with 6.8 K/9, 3.4 BB/9 and a 39.2 percent ground-ball rate. His 89.9 mph average fastball velocity is the lowest mark he’s posted since his rookie campaign in 2002. He’s been healthy, however, and has averaged more than six innings per start this season. A move to the NL, of course, could help his numbers as well.

Then again, Peavy wouldn’t need to do much to be an upgrade to the back of the St. Louis rotation. With their current injuries, the Cardinals are using a rotation of ace Adam Wainwright and right-handers Lance Lynn, Shelby Miller and Carlos Martinez (with Joe Kelly set to come off the DL in the next few days). Miller has seen his control disappear, along with his ability to miss bats, and he’s posted a 5.50 ERA over his past nine starts as a result. Martinez has pitched well since transitioning from the bullpen, but he threw just 108 innings last year and is already at 53 in 2014. Marco Gonzales, the club’s 2013 first-rounder, served up 11 runs with more walks than strikeouts in a three-start cameo recently. Peavy could serve as a durable back-end piece to complement veterans Wainwright, Lynn and Kelly while serving as an insurance policy for the club’s younger arms.

Peavy is earning $14.5MM this season and has a vesting player option that he won’t trigger. That option, valued at $15MM, required that Peavy pitch 400 innings from 2013-14, but he is still 144 2/3 frames shy of that mark after spending time on the DL last season. As such, he’s owed roughly $6.58MM over the remainder of the 2014 campaign and will be a free agent at year’s end.

As Edes points out, this isn’t the first time that the Cardinals have had interest in Peavy. The team expressed interest in the former NL Cy Young winner last summer. The Boston Globe’s Nick Cafardo reported over the weekend that Peavy could be of interest to some NL clubs if Boston were to eat some of the remaining salary on his deal.

Jeff Todd contributed to this post.

Rosenthal’s Latest: Tulo, Dodgers, Valbuena, Peavy, Sox

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In his latest notes column, Ken Rosenthal of FOX Sports writes that he wouldn’t be surprised to see Rockies shortstop Troy Tulowitzki ask for a trade this offseason. One friend of Tulo told Rosenthal, “I think the guy is going to lose his mind,” due to Colorado’s consistently poor results. He adds that this offseason will be a better time to deal Tulo or Carlos Gonzalez (with an eye on a larger rebuild), and while owner Dick Monfort may prefer to move CarGo, plenty of teams would make sense as a landing spot for Tulowitzki.

Here are some more highlights from Rosenthal’s newest work…

  • One reason that Tulo could be particularly frustrated is with the Rockies’ inability to build a competitive pitching staff at Coors Field. That’s no easy task, as Rosenthal notes, but it isn’t helped by the fact that free-agent pitchers simply don’t want to go there. While Jon Gray and Eddie Butler are promising, Butler joins a long list of currently injured Rockies starters. Additionally, rival scouts opined to Rosenthal that Colorado pitchers are poorly prepared: “They pitch not to hitters’ weaknesses but hitters strengths,” one scout told Rosenthal.
  • The Dodgers talked with the Cubs about Jeff Samardzija before he was dealt to Oakland, but talks never got serious, as Los Angeles didn’t want to part with Joc Pederson or Corey Seager.
  • Speaking of the Samardzija trade, Rosenthal hears that the deal was almost larger, as the Athletics at one point were trying to get Chicago to include Luis Valbuena in the deal as well. The A’s like Valbuena as a potential second-base upgrade and could rekindle talks for him later this month, but Chicago is reluctant to deal him, as he’s controlled through 2016, according to Rosenthal.
  • The Cubs are receiving interest in lefty relievers James Russell and Wesley Wright, both of whom are more likely to be traded than Valbuena.
  • Multiple reports today have indicated that the Cardinals have interest in Jake Peavy of the Red Sox, and Rosenthal reports that the two sides spoke a month ago, though not necessarily about Peavy. Boston has interest in the Cardinals’ young outfielders, and while St. Louis won’t deal Randal Grichuk or Stephen Piscotty for Peavy, the teams could expand the deal to include other players and make something work. Rosenthal floats the idea of a scenario in which Allen Craig heads to Boston, though that appears to be speculation.
  • In other Red Sox rumors, he writes that the Sox don’t necessarily want to move free agents they would like to re-sign after the season even if they end up as sellers. In other words, Jon Lester and Koji Uehara may stay put regardless of the team’s approach. Beyond that, the team’s chips are largely underwhelming, as Jonny Gomes, Burke Badenhop, Stephen Drew and A.J. Pierzynski either don’t have huge appeal to buyers or would net marginal returns at best.
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