Skip to content

Giants acquire Jake Peavy from Red Sox

Jul 26, 2014, 1:08 PM EST

jake peavy getty Getty Images

UPDATE: The deal is now official. Alex Speier of WEEI.com reports that the Red Sox will pick up just over half of the roughly $5 million remaining on Peavy’s contract for this season. That explains why they got something of quality in return.

As for Peavy, he will make his Giants debut tomorrow night against the Dodgers.

12:01 p.m. ET: ESPN’s Buster Olney reports that the Red Sox will receive prospect pitchers Edwin Escobar and Heath Hembree in return. Both are pretty legit prospects, but it helps that the Red Sox are apparently sending some money to the Giants in the deal.

Escobar, a 22-year-old left-hander, was No. 56 on Baseball America‘s preseason list and has posted a 5.11 ERA and 96/37 K/BB ratio over 111 innings this season with Triple-A Fresno. Hembree, a 25-year-old right-hander is a relief pitcher with a big arm. He made nine appearances with the Giants last season, but has pitched exclusively in Triple-A this year, posting a 3.89 ERA and 46/13 K/BB ratio over 39 1/3 innings.

11:15 a.m. ET: CBS Sports’ Jon Heyman reports that the Giants will acquire Peavy from the Red Sox. No word yet on what Boston will receive in return, but it’s expected to be minor league pitchers.

11:07 a.m. ET: According to Ken Rosenthal and Jon Paul Morosi of FOXSports.com, the Giants are close to acquiring Peavy. However, details are still being worked on.

10:59 a.m. ET: Jen Royle of the Boston Herald reports that the Red Sox are close to trading right-hander Jake Peavy to a National League team. However, she also adds that “lots of things need to happen” before it gets done.

While the Cardinals were rumored as a possible destination earlier this month, Royle hears that he’s not going to St. Louis. Her best guesses are the Giants or Brewers. For what it’s worth, FOX Sports’ Ken Rosenthal hears that the Red Sox and Giants were having “serious discussions” about Peavy yesterday.

Peavy, 33, has posted a 4.72 ERA and 100/46 K/BB ratio over 124 innings this season. He’s due to be a free agent this winter.

Latest Posts
  1. Tommy Milone had a benign tumor removed from his neck

    Jan 24, 2015, 10:40 PM EST

    Tommy Milone Tommy Milone

    Tommy Milone underwent neck surgery in December to remove a benign tumor, but he was able to resume throwing just over two weeks later.

  2. Twins GM Terry Ryan could see Byron Buxton debuting in 2015

    Jan 24, 2015, 9:35 PM EST

    Byron Buxton Getty Images

    Top prospect Byron Buxton could be wearing a Twins uniform in the major leagues at some point this season according to GM Terry Ryan.

  3. Tigers, Al Alburquerque avoid arbitration with a one-year deal

    Jan 24, 2015, 8:30 PM EST

    Al Alburquerque AP

    The Tigers and reliever Al Alburquerque avoided arbitration with a one-year deal on Saturday.

  4. Proposed Jonathan Papelbon trade to Brewers is “on life support”

    Jan 24, 2015, 7:25 PM EST

    Jonathan Papelbon Jonathan Papelbon

    A Jonathan Papelbon trade to the Brewers may not be happening after all.

  5. Mariners considering bringing back Franklin Gutierrez

    Jan 24, 2015, 6:20 PM EST

    Franklin Gutierrez Getty Images

    Franklin Gutierrez could make a return to the Mariners. The 31-year-old outfielder has had trouble staying healthy over the last few years.

  6. Twins and Brian Duensing agree to one-year deal to avoid arbitration

    Jan 24, 2015, 5:28 PM EST

    Brian Duensing Getty Getty Images

    Duensing he has been useful and durable as a middle reliever over the past two seasons, posting a 3.67 ERA (110 ERA+) in 115 1/3 innings over 135 appearances.

  7. Report: Brandon Beachy has decided on a team

    Jan 24, 2015, 4:53 PM EST

    Brandon Beachy AP

    Beachy is currently making his way back from his second Tommy John surgery.

  8. Report: More than 200 scouts attended recent workout for Cuban infielder Hector Olivera

    Jan 24, 2015, 4:01 PM EST

    Hector Olivera Getty Getty Images

    The Giants, Padres, Rangers, Braves, and Yankees are among the teams showing strong interest in Olivera.

  9. 1953 scouting report for Ernie Banks

    Jan 24, 2015, 3:15 PM EST

    Ernie Banks AP AP

    Check out this scouting report from when Banks was 22 years old.

  10. Joe Posnanski: Remembering ‘Mr. Cub,’ Ernie Banks

    Jan 24, 2015, 2:40 PM EST

    MLB Photos Archive

    From the start, even in those turbulent times, even though Chicago was finding its way in a changing America, people in Chicago did not see the color of his skin. From the start, Chicago loved Ernie Banks.

  11. Ryan Vogelsong “really wasn’t comfortable with what was going on” with Astros before returning to Giants

    Jan 24, 2015, 2:16 PM EST

    vogelsong getty Getty Images

    Did something strange happen between Ryan Vogelsong and the Astros which led to his return to the Giants?

  12. Vince Coleman joining White Sox staff to help with baserunning

    Jan 24, 2015, 1:11 PM EST

    Vince Coleman Getty Getty Images

    Coleman, who ranks sixth on MLB’s all-time list with 752 stolen bases, spent last the two seasons as a minor league outfield/baserunning coach with the Astros.

  13. Athletics and Fernando Abad avoid arbitration with one-year deal

    Jan 24, 2015, 12:05 PM EST

    Fernando Abad AP AP

    Abad, 29, posted an excellent 1.57 ERA and 51/15 K/BB ratio across 57 1/3 innings out of Oakland’s bullpen in 2014.

  14. What they’re saying about the passing of Cubs legend Ernie Banks

    Jan 24, 2015, 11:11 AM EST

    Ernie Banks AP AP

    Reactions from a baseball world in mourning after the passing of Cubs legend Ernie Banks.

  15. Alex Rodriguez recently met with incoming MLB commissioner Rob Manfred

    Jan 24, 2015, 10:02 AM EST

    Alex Rodriguez AP AP

    With Rob Manfred set to take over for Bud Selig as MLB commissioner on Sunday, Alex Rodriguez recently paid him a visit in an attempt to clear the air and turn the page on the drama surrounding the Biogenesis scandal.

  16. Ernie Banks, one of baseball’s greatest players and greatest ambassadors has died at age 83

    Jan 23, 2015, 11:15 PM EST

    Ernie Banks

    There was only one Mr. Cub. And he was one of the greatest men in baseball history.

  17. Indians showing interest in Nolan Reimold

    Jan 23, 2015, 10:55 PM EST

    Nolan Reimold Nolan Reimold

    The Indians are considering bringing Nolan Reimold on board.

  18. Astros, Marwin Gonzalez avoid arbitration with a one-year contract

    Jan 23, 2015, 9:50 PM EST

    The Astros and utilityman Marwin Gonzalez avoided arbitration on Friday.

  19. Braves claim Eury Perez off waivers from the Yankees

    Jan 23, 2015, 8:45 PM EST

    Eury Perez Eury Perez

    The Braves added some outfield depth on Friday, claiming Eury Perez off waivers from the Yankees.

Featured video

Cubs shore up rotation with Jon Lester
Top 10 MLB Player Searches
  1. R. Vogelsong (5640)
  2. J. Shields (4973)
  3. M. Scherzer (4193)
  4. I. Suzuki (4191)
  5. D. Fowler (3619)
  1. J. Santana (3477)
  2. Y. Gallardo (3451)
  3. J. Gomes (3327)
  4. J. Profar (3150)
  5. S. Strasburg (2863)