Blog Entry

Cubs out of Jake Peavy talks

Posted on: December 11, 2008 1:00 pm
Edited on: December 11, 2008 1:56 pm

LAS VEGAS -- The Chicago Cubs are out of the Jake Peavy talks.

Cubs general manager Jim Hendry told Padres GM Kevin Towers on Thursday morning that the Cubs have decided to do other things. Their first priority is adding a left-handed bat. Among those they're interested in on the free-agent market are Milton Bradley and Raul Ibanez. They also are investigating the possibility of adding free agent lefty pitcher Randy Johnson.

Whatever they do, it won't be Peavy.

"It was the Cubs' decision," Towers said. "They ruled it out this morning."

The Padres had constructed an elaborate deal with the Cubs that would have involved three or four teams, most likely Baltimore and Philadelphia. Other teams became involved in the talks when it became apparent that the Cubs were thinking of including infielder Mark DeRosa in the deal. Minnesota, for example, called and inquired about DeRosa -- the Twins wanted to play him at third base.

The Padres were attempting to arrange a four-, five-, or six-player package for Peavy and, among other scenarios, were talking about the possibility of acquiring Cubs third base prospect Josh Vitters, right-hander Kevin Hart, Baltimore pitcher Garret Olson and Philadelphia pitcher J.A. Happ, among others.

The Cubs were going to have to move pitcher Jason Marquis and his $9.875 million salary, and because they couldn't find another taker, he was going to go to the Padres -- but the Cubs were going to have to pick up a significant portion.

A Cubs source said that they ultimately decided it was simply too many prospects and too much money for them. The Phillies are described as being very disappointed because they were hoping to obtain infielder Mark DeRosa from the Cubs in the deal. They still could engage the Cubs in those talks, though Chicago doesn't really want to trade DeRosa.

Talks regarding Peavy have been dragging on for eight weeks or more, and the Padres have gone from being close with Atlanta to close with the Cubs to, now, apparently, being forced to huddle back in San Diego next week and discuss their alternatives.

"We'll regroup next week and figure out what we're going to do," Towers said.

There is one thing the GM is sure of.

"We need to start moving forward," Towers said. "We can't keep doing this deep into the winter."

The Padres have been searching for trade partners because they're attempting to shed payroll, and Peavy is owed $63 million over the next four years. Owner John Moores is in the middle of an ugly divorce that sources say will strap him for cash, the team lost 99 games in 2008 and attendance dropped almost 13 percent.

The long and laborious talks with Peavy have undergone several bizarre twists, most recently when the pitcher was reported to have been in a Las Vegas bar the other night singing "Go Cubs Go" after attending a Brooks and Dunn concert with his buddy, Houston pitcher Roy Oswalt. The only part of that story that I've confirmed is that Peavy indeed was in Las Vegas this week. Among other things, he attended Greg Maddux's retirement press conference.

One alternative now, he said, is to release a statement that the club will keep Peavy.

But that doesn't change the fact that the Padres need to shave payroll.

While Towers said he didn't sense from Hendry that the deal could be resurrected with the Cubs, the domino effect of what else happens on the market this winter still could take this thing in a different direction.

Atlanta on Thursday remained deep in negotiations attempting to land free agent pitcher A.J. Burnett. If he goes to the New York Yankees, though, the Braves will be forced to readjust and conceivably could re-engage the Padres.

Also, as reported several weeks ago, the Los Angeles Angels held brief conversations with the Padres about Peavy several weeks ago, and sources with knowledge of the Angels' thinking say the club very well might turn its attention back to Peavy if the Angels whiff on Mark Teixeira and CC Sabathia. With Sabathia having been delivered to the Yankees, the Angels so far are 0-for-1.

They could potentially satisfy the Padres with a package built around right-hander Jered Weaver, one of two infielders -- Erick Aybar or Maicer Izturis -- and a couple of prospects.

Further complicating the situation, though, is that Peavy has no-trade powers and so far has used them to attempt to steer himself toward Chicago. Several people close to the talks believe Peavy is not enamored with going to Atlanta. It is believed he may approve a deal to the Angels, though he could ask for contractual concessions. His preference is to stay in the National League.

Towers said he would probably talk to Barry Axelrod, Peavy's agent, and tell him it's not going to work with the Cubs and they'll have to move on to other alternatives.

"Even if he wants to go somewhere else, I think we need to sit down as an organization and say, 'Do we want to go through this process again?'" Towers said. "It's difficult on the fans."

Not to mention difficult on the Padres, and everyone they're dealing with.

"We're asking a lot," Towers said. "To move Jake Peavy, we would plan on getting a lot. We knew going into the winter there were no guarantees."



Since: Apr 28, 2008
Posted on: December 11, 2008 8:25 pm

Cubs out of Jake Peavy talks

The only thing Jim Hendry did is to get in line in the waiting game. Peavy is a Cy Young award winner and he is only 27, if he waives his no trade clause to the AL East he could win 2 more Cy Youngs. The problem lies in the fact that every GM for other MLB teams knows that the Padres don't have any money to spend on Peavy right now because of John Moore's divorce. There are no real health issues to deal with when you talk about Jake Peavy. Make a 4 year trade with some prospects and reap the benefits of his arm 

Since: Dec 9, 2008
Posted on: December 11, 2008 8:00 pm

Cubs out of Jake Peavy talks

I don't know, Big Smoov...

The Padres have had a very good bullpen the past few years, with Cla Meredith, Heath Bell and Trevor.  Regardless, Peavy threw 32 and 34 starts in '06 and '07 respectively, so his injury history hasn't been THAT bad - certainly not in the Harden area.  But it's possible that his arm gets sore because, as a strikeout pitcher, he throw a lot more pitches (and a lot harder) than a guy like Maddux or Moyer.

Yes, Towers is in a bad spot because he's getting it from both sides - his employee (Peavy) has a partial no-trade clause, and his boss (Moore) has a bad marriage and is saying, "deal him because the divorce is costing me an arm and a leg."  But that said, the reason Towers has to try to put together 4 team deals to move Peavy is not that other GM's are trying to take advantage of him.  It's that, since he can't take any real salaries back in, he has to deal for prospects.  And there are very few teams who can give up enough prospects for Towers to get equal value for a 27 year old Cy Young winner.  And of those few teams, Peavy probably wouldn't play for them.

If i were Towers I would cut my losses and get him to waive his no trade clause and try to ship him to an AL team (either of the SOX would offer one prospect and 2 everyday players if he would waive the clause)

How do you "get him to waive his no trade clause?"  And why would he be willing to go to an AL team?  And how would Towers pay the 2 everyday players he's getting in return?  I bet we haven't heard the end of Peavy going to the Cubs in a 3 or more team deal.  Maybe the Braves come back if they don't land Burnett.


Since: Mar 15, 2008
Posted on: December 11, 2008 8:00 pm

Cubs out of Jake Peavy talks the Yankees can give the Padres Cano and Kennedy  for Peavy why would the padres want Kennedy?

Since: Sep 25, 2008
Posted on: December 11, 2008 7:11 pm

Cubs out of Jake Peavy talks

If the Cubs got Peavy they would have a solid rotation. Maybe they will finally win the World Series.

Since: Oct 7, 2008
Posted on: December 11, 2008 6:32 pm

Cubs out of Jake Peavy talks

This time I might believe CBSSports. Last time it was the Braves pulling back and the next day it was he would probably trade for him. Angels will be great this year with the rotation of:

John Lackey

Jake Peavy

Joe Saunders

Ervin Santana

Someone else like Nick Adenhart or picking up someone like Randy Johnson

Since: Oct 15, 2008
Posted on: December 11, 2008 6:23 pm

Cubs out of Jake Peavy talks

Phillies need to take advantage of this. What a coup Peavy would be to keep the World Series momentum throughout next year. Can you imagine Peavy and Hamels at the top?

Since: Mar 15, 2007
Posted on: December 11, 2008 5:57 pm

Cubs out of Jake Peavy talks

I don't know why you'd applaud Hendry.  He should've gotten this deal done.  A left handed bat could've easily been added still.  Now Hendry will do something stupid like sign Ibanez.  No thanks.  A move for Peavy would've been the only thing to ressurrect my interest in the Cubs this year.  Someone wake me when they get to the World Series.  Fool me once, shame on you, fool me 101 times, screw you.

Since: Apr 28, 2008
Posted on: December 11, 2008 5:49 pm

Cubs out of Jake Peavy talks

Although Peavy has spent time on the DL in the past, the trips to it have not been for degenerative reasons, his arm gets sore mid season because the Padres usually keep him in games 2 innings later than they should because of a bad bullpen, the Peavy trade is a pure salary dump. The Padres owner has left Kevin Towers and Sandy Alderson in very tough spots becuase they have to deal this guy and hope to get at least some level of name recognition in return. Do you think that if all the other teams didn't know that John Moore was going broke in a divorce the Padres would have such a hard time dealing Peavy? Didn't think so. We are talking about a 27 year old Cy Young winner and the Padres have to try and negotiate 4 team deals just to off load the guy because the other GM's all know what boat they are in, problem is the Padres won't get a recognizable player because they can't take any salary until a new owner finally takes over the Padres in the next few seasons. If i were Towers I would cut my losses and get him to waive his no trade clause and try to ship him to an AL team (either of the SOX would offer one prospect and 2 everyday players if he would waive the clause)

Since: Dec 9, 2008
Posted on: December 11, 2008 5:24 pm

Cubs out of Jake Peavy talks

I like Towers, but it seems he's from the Scott Boras School of Business Negotiations.  He plays one team off another.  The cost to the Cubs WAS getting too high.  DeRosa, Vitters, Hart, Cedeno, Pie, Marquis and money - that's 6 players and cash to get 1.  Even if you have depth in your system, it's hard to fill those holes for someone with a only-slightly-below-market contract.

I'd like to see the Cubs sign Dunn to play "outfield."  Then when Baltimore misses out on Teixeira, flip Lee to them in exchange for Brian Roberts and play Dunn at first.  Now you've added 2 ideal lefties:  a prototype leadoff hitter and a prototype middle of the order guy.  Go Roberts, DeRosa, Soriano, Dunn, Ramirez, Soto, Johnson/Fukudome, Theriot, pitcher.  You have the lineup Lou needs and you haven't added much payroll.  At that point, you can revisit the Peavy issue if it's still an option.

Since: Oct 16, 2008
Posted on: December 11, 2008 5:00 pm

Cubs out of Jake Peavy talks

Scooter:     Come on ... everyone knows, when your talking about spending money (over and above whats approiprate) there is no bigger

;     &nbs
p;     &nb
sp;    culpirit then the N.Y. Yankees (george, and now son hank) .... If anyone ever needed a reason for instatuting a salary cap in baseball, all one has to do is say, or point to the "Yankees"

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