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Jake Peavy Rumors: Thursday

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10:56pm: Axelrod suggestion the Giants as a possible destination for Peavy in a talk with Tim Sullivan.  He said, "I think they’ve got the money. But I don’t know if they’ve got the prospects."

8:20pm: Jon Heyman says that Peavy is frustrated by the team’s inability to trade him. His agent, Barry Axelrod, says that Peavy had begun to get used to the idea of being a Cub, and now that opportunity is apparently gone. Axelrod says if the Padres approach he and his client with a trade, they’ll consider it, but there won’t be any more lists of approved teams.

Axelrod also criticizes the majority of baseball executives for their lack of action at the Winter Meetings.

"It’s amazing to me how many people can waste time, money and resources, and get nothing done," Axelrod said. "Baseball moved lock, stock and barrel into that town, and absolutely nothing happened."

6:45: Mike DiGiovanna at the LA Times says that the Angels are now in the mix for Peavy. Trade talks could begin as soon as next week, with Brandon Wood, Erick Aybar, Reggie Willits, Nick Adenhart, and Kevin Jepsen all names that could be talked about. The Angels will only pursue Peavy if they can’t re-sign Mark Teixeira.

5:02pm: Talked to a person familiar with the Cubs’ thinking…he really could not see the Cubs revisiting a Peavy trade.  The Padres need to get Peavy’s $63MM off the books soon, yet were trying to swing 6-for-1 or 7-for-1 deals for him despite the extremely limited market.  Marshall was never in the mix, by the way.

3:27pm: MLB.com’s Mark Bowman says the Braves "won’t even think about renewing their pursuit of Peavy unless the talks are initiated by the Padres, who will no longer find a compensation package that includes Yunel Escobar."  Escobar is apparently off the table because the Braves no longer have Brent Lillibridge.

2:56pm: Tim Brown and Gordon Edes say the Cubs "remain optimistic that they can acquire Peavy, all but ignored Towers’ self-imposed deadline."  Meanwhile, Gerry Fraley says the Angels have already put together a package for the Padres to consider.

12:01pm: Kevin Towers told reporters the proposed Peavy deal with the Cubs is dead.  The Cubs pulled out.  Mike DiGiovanna heard earlier that the Angels remain interested.  Towers is not certain he wants to engage in further Peavy discussions at this time.  I think even hot stove junkies wouldn’t mind a respite.

11:30am: Towers still hasn’t heard back from Hendry on the Peavy deal.  Ken Rosenthal says eight to ten teams have called on DeRosa, adding the A’s to the mix of known suitors.

12:33am: Multiple reports suggested yesterday that the Cubs would not trade Mark DeRosa.  But new stories in the Chicago Tribune and Chicago Sun-Times do not support that notion.

Paul Sullivan of the Trib says DeRosa "appears to be the key to any Peavy deal."  Gordon Wittenmyer of the Sun-Times heard the Cubs would only trade DeRosa as part of a Peavy deal, and Jim Hendry inquired on Chone Figgins as a possible replacement.  And La Velle E. Neal III believes DeRosa is fair game in a Peavy deal or separately for the Twins or Phillies.  As far as Jason Marquis, both Chicago writers see him landing in San Diego with the Cubs eating about half his salary (one sign that the Cubs have "hand," as George Costanza would say).

Padres GM Kevin Towers wants to get a framework in place today.  The Cubs have the leverage, with Wittenmyer suggesting they also want to keep Sean Marshall.  One player most writers believe will be sent from the Cubs to the Padres is Josh Vitters.  But Towers says it’s in the Cubs’ hands.

Derek Lowe Rumors: Wednesday

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10:08pm: A note from Dave O’Brien:

Just so you know, one of Boras’ guys also claims the Braves have expressed at least some interest in Lowe.

5:18pm: Jayson Stark has a source saying the Phillies aren’t pursuing Lowe, and didn’t make an offer.

4:27pm: Gordon Edes agrees, Lowe is not on the verge of signing.  He does have offers in hand from the Yanks and Phillies, with the Mets and Red Sox in talks.  The Brewers made contact but are considered a long shot.  Edes says Lowe’s desire to return to Boston has been overstated.  Edes says the two offers are in the four-year, $65MM range, and a fifth year could clinch it.

3:14pm: Rosenthal says the Yankees’ talks with Lowe are progressing, but reports that they’re close are overblown.  He adds that the Yanks are also in active discussions with A.J. Burnett, and, surprisingly, Andy Pettitte.  Kevin Baxter believes it’s the Yanks or retirement for Pettitte.

8:56am: According to SI.com’s Jon Heyman, the Yankees were discussing a four-year, $66MM deal with Derek Lowe late Tuesday night.  Via MetsBlog, Heyman said on WFAN this morning that the Yanks are closing in.

Jake Peavy Rumors: Wednesday

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8:36pm: MLB.com’s Corey Brock learned from Towers that he should know one way or another on a Peavy trade by the end of the Meetings.  Towers now believes a fourth team will be required.  Towers mentioned that Marquis and DeRosa may be hangups, especially Marquis’ contract.  Though he’d prefer not to, under certain circumstances the Padres might pay some of his salary.

There was some goofy Carlos Carrasco/Jason Donald stuff we didn’t link to today, and that was shot down.  Brock suggests names like Josh Vitters, Felix Pie, and Kevin Hart could be involved on the Cubs’ part.

8:31pm: Jayson Stark says Peavy to the Cubs doesn’t seem inevitable anymore, and the sides have not made progress in the last 24 hours.  The Cubs have leverage, so they’ve dug in their heels.  Stark adds that once word of the possible inclusion of DeRosa linked, Jim Hendry has been "bombarded with calls from other clubs interested" in him.  Hendry does not want to trade DeRosa.

6:00pm: Buster Olney says the Yankees have talked with the Padres recently about Peavy, but it didn’t go anywhere.

5:19pm: Brock talked to a Padres source who does not believe the Twins are involved.

4:10pm: Buster Olney says Axelrod left the Meetings with no word of a deal but the expectation is still that the Cubs will get it done.

3:48pm: Tom Krasovic reminds us that Peavy’s agent Barry Axelrod said going into the Meetings that the Yankees would be more attractive to his client if they signed C.C. Sabathia.  Still, Peavy prefers the NL.

3:17pm: Corey Brock says the Phillies might want Scott Hairston from the Padres to use in left field.

2:33pm: Carrie Muskat’s Cubs source says DeRosa will not be traded.

9:45am: LEN3 says the Twins discussed DeRosa with the Cubs yesterday.  The Cubs will present the Twins with a list of pitchers they like, which will be influenced by the Padres’ preferences.

9:31am: There’s word from Jim Salisbury that pitcher Kyle Kendrick could be included in this three-team trade.

1:19am: If you dare to sort through yesterday’s Jake Peavy rumors, click here.  Today, Gordon Wittenmyer of the Chicago Sun-Times maintains that the biggest obstacle is the Cubs moving part of Jason Marquis’ contract.  Another factor – the Padres will need to free up several spots on the 40-man roster.  The Cubs’ sale will not be an issue.

Wittenmyer adds that a Phillies official didn’t expect to get Mark DeRosa from the Cubs but rather other players.  Also, Cubs officials shot down the John Perrotto rumor that the Cubs might shop Carlos Zambrano after acquiring Peavy.

Tom Krasovic of the San Diego Union-Tribune also weighs in.  He says the Padres have discussed Phils catching prospect Jason Jaramillo.

Phillies Acquire Ronny Paulino

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8:13pm: Lauber has the deal: the Phils receive catcher Ronny Paulino from the Pirates for Triple A backstop in Jason Jaramillo.

7:24pm: Scott Lauber talked to Phillies GM Ruben Amaro Jr., who has agreed to a small trade a notch above the Greg Golson/John Mayberry swap.  The players traded are on 40-man rosters though.  They’re awaiting physicals.

The Pirates could have a small trade in the works as well.

Jake Peavy Rumors: Tuesday

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11:07pm: Paul Sullivan of the Chicago Tribune has Phillies sources saying the deal is in place if the Cubs will pull the trigger with the Padres.  Sullivan also talked to chairman Crane Kenney, who implied the Cubs included Peavy’s contract within projected budgets to bidders.

Sullivan adds that the Cubs have not had talks for Bobby Abreu yet.

9:17pm: Stark says there’s no way such a complicated trade will get done before the end of the Meetings.  He adds that extra teams are not necessarily requirements.  The Cubs will need to move a contract and get ownership approval, though.

8:39pm: Ruben Amaro Jr. came close to acknowledging the Phils are involved in the Peavy deal, says Jayson Stark.

8:31pm: Jeff Passan: the lone holdup in this complicated trade is the Cubs moving Marquis.  A deal is not imminent, though, according to Towers.

7:26pm: Brock talked to Towers, who met today with Hendry and said a trade seems more likely today than it did yesterday.  They’ll meet again tonight.  If a deal is reached, it’d be announced after Thursday’s Rule 5 draft.  Brock says the Phillies are believed to be the third team.

3:31pm: MLB.com’s Corey Brock says nothing is imminent and the Cubs appear reluctant.

2:25pm: The saga continues…Kevin Towers does not think this deal lost steam in the last 24 hours, according to Yahoo’s Tim Brown and Gordon Edes.  However, they say the Cubs are having second thoughts about this four-team mess.  The Cubs source says the price is too steep for them right now and they’re looking at another short-term option for the rotation (Randy Johnson maybe).

2:02pm: Tom Krasovic says the Padres are not seeking J.A. Happ or Chris Coste as has been previously rumored.  Also, Ronny Cedeno is not the Padres’ first choice to replace Khalil Greene at short.  Krasovic adds that the Braves apparently are now happy the Padres didn’t take their offer for Peavy.

Kras adds that the Padres did some fact-finding with Mark Grudzielanek’s agent.  Grudz wants to play for a winner though.

1:10pm: Roman Modrowski of the Chicago Sun-Times says Peavy sang "Go Cubs, Go" at a Vegas bar last night.  Good times.  But did Roy Oswalt sing along?  Also, Modrowski believes the Cubs would be willing to eat as much as $6MM of Marquis’ $9.875MM.

Jayson Stark says an Aaron Heilman-Marquis deal appears unlikely, as the sides cannot agree on what portion of Marquis’ contract the Cubs would assume.

12:08pm: Rosenthal says the Cubs maintain they’re not close on Peavy.  And they still need to identify their new owner before a deal can get done.  The Cubs are mulling Randy Johnson as a backup plan, and continue to prioritize the lefthanded bat.

10:36am: Phil Rogers says the key to this potential four-team Peavy trade would be the Phillies or Orioles taking on Marquis and some of his contract.  Rogers says "it will be a stunner if the Cubs don’t acquire Peavy."

1:00am: Chris De Luca says a source close to Jim Hendry characterized a Peavy deal as "very close."  De Luca’s sources say a Cubs-Orioles component is set (Felix Pie for Garrett Olson).  This runs counter to Roch Kubatko’s report below.  De Luca says the Cubs still want to trade Marquis and acquire a lefthanded hitter before closing the Peavy deal.

12:41am: Ken Rosenthal’s source says the Cubs’ attempts to bring in a third team have involved "probably 20 names with four to five clubs."  So it’s not necessarily DeRosa or the Phillies.  Rosenthal says an agreement is still not close.

12:30am: To summarize yesterday: Kevin Towers has facilitated an apparent three-team Jake Peavy trade that he will present to the Cubs.  I say three because Roch Kubatko says the Orioles don’t know of any agreement.  So the best guess right now (based on reports) is that the Cubs would send Mark DeRosa to the Phillies, and both teams would send young players to the Padres.  The Cubs could offload Jason Marquis in the deal, and the savings from Marquis and DeRosa would seem to neatly equal Peavy’s $11MM salary for ’09.

Raul Ibanez Rumors: Tuesday

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8:09pm: Rosenthal says Mets officials met with Ibanez at a Bellagio restaurant today.  He says the Angels, Phillies, Braves and Nationals are also in on Ibanez, though the Braves’ interest is mild.

11:25am: ESPN’s Jayson Stark says the Phillies, Mets, and Cubs are in the lead for Raul Ibanez, with the Braves and Angels on the periphery.

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