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.