Mark DeRosa

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.