LAS VEGAS -- San Diego general manager Kevin Towers described the Jake Peavy trade talks with the Chicago Cubs as "ongoing" during a discussion with several reporters Monday morning, then added a twist: If the Padres don't complete a Peavy deal by Christmas, they'll keep him.
"If we haven't made progress on a deal ... I don't want to go through the holidays with tons of holes and a guy who we don’t' know if we're going to move," Towers said.
As of now, the GM reiterated, he's speaking with exactly one club: The Chicago Cubs.
And in a development that should continue to keep these talks alive, GM Jim Hendry confirmed Monday that the Cubs are not a part of the bankruptcy filed by their current owner, the Tribune Co.
"All I know is I was told over the weekend that the Cubs are completely separate," Hendry said. "We're not worried. With new ownership in the next couple of (months), there have been no restrictions placed on me."
The Cubs are hoping to add a left-handed hitter, probably an outfielder, and also continue talking with the Padres regarding Peavy. They've already re-signed Ryan Dempster this winter, giving them a rotation of Dempster, Carlos Zambrano, Ted Lilly, Rich Harden and, for now, Jason Marquis.
A third team likely will have to be included if Peavy is to head to the Cubs. Baltimore has been involved in those discussions.
Towers said he and Hendry have talked casually since arriving at the winter meetings and have "no major sitdown (planned) as of yet."
"I know where to find him," Towers said. "And he knows where to find me. He has a couple of things he's working on. Our focus is Peavy."
For this week and next, at least. And if no deal is completed by then, Towers said, the Padres likely will announce that they will keep Peavy.
"I don't think it's fair to our fans or to our ballclub to drag this thing out for the next couple of months," Towers said.