Padres Near Extension With Peavy
This comes as a surprise - the Padres and Jake Peavy are making progress on a three-year contract extension. Peavy is already set to earn $6.5MM in '08 and $11MM in '09. Peavy's extension would cover the 2010-12 seasons and be worth $17-17.5MM annually. You have to commend Peavy for taking a discount.