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Giants acquire Jake Peavy from Red Sox

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UPDATE: The deal is now official. Alex Speier of WEEI.com reports that the Red Sox will pick up just over half of the roughly $5 million remaining on Peavy’s contract for this season. That explains why they got something of quality in return.

As for Peavy, he will make his Giants debut tomorrow night against the Dodgers.

12:01 p.m. ET: ESPN’s Buster Olney reports that the Red Sox will receive prospect pitchers Edwin Escobar and Heath Hembree in return. Both are pretty legit prospects, but it helps that the Red Sox are apparently sending some money to the Giants in the deal.

Escobar, a 22-year-old left-hander, was No. 56 on Baseball America‘s preseason list and has posted a 5.11 ERA and 96/37 K/BB ratio over 111 innings this season with Triple-A Fresno. Hembree, a 25-year-old right-hander is a relief pitcher with a big arm. He made nine appearances with the Giants last season, but has pitched exclusively in Triple-A this year, posting a 3.89 ERA and 46/13 K/BB ratio over 39 1/3 innings.

11:15 a.m. ET: CBS Sports’ Jon Heyman reports that the Giants will acquire Peavy from the Red Sox. No word yet on what Boston will receive in return, but it’s expected to be minor league pitchers.

11:07 a.m. ET: According to Ken Rosenthal and Jon Paul Morosi of FOXSports.com, the Giants are close to acquiring Peavy. However, details are still being worked on.

10:59 a.m. ET: Jen Royle of the Boston Herald reports that the Red Sox are close to trading right-hander Jake Peavy to a National League team. However, she also adds that “lots of things need to happen” before it gets done.

While the Cardinals were rumored as a possible destination earlier this month, Royle hears that he’s not going to St. Louis. Her best guesses are the Giants or Brewers. For what it’s worth, FOX Sports’ Ken Rosenthal hears that the Red Sox and Giants were having “serious discussions” about Peavy yesterday.

Peavy, 33, has posted a 4.72 ERA and 100/46 K/BB ratio over 124 innings this season. He’s due to be a free agent this winter.

Evan Gattis undergoes surgery for hernia; recovery is 4-6 weeks

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Evan Drellich of the Houston Chronicle shares the bad news

One of the Astros’ big bats won’t be taking hacks when the Astros hold their first full workout on Feb. 23.

Astros designated hitter Evan Gattis recently underwent surgery to repair a hernia, the Chronicle has learned, taking away most of his spring training at a minimum. The recovery is four to six weeks but fortunately for Gattis and the Astros, the injury is not considered severe.

Gattis was working hard on his overall conditioning this winter, even telling MLB.com’s Brian McTaggart in late January that he had already dropped 18 pounds. It sounds like the big slugger might have gone a bit overboard with those workouts, and now he is in real danger of missing the first couple weeks of the 2016 regular season.

Gattis batted .246/.285/.463 with 27 home runs and 88 RBI in 153 games last season for the Astros. The 29-year-old is arbitration-eligible for the first time in his career and has a hearing with the Astros scheduled for February 16 to determine his salary for 2016. He requested $3.8 million and was offered $3 million when figures were exchanged a little over three weeks ago.

Suddenly the Astros’ front office might have a new talking point for those arbitrators.

Seung-Hwan Oh finally receives his work visa, will be on time for Cardinals camp

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At last check, new Cardinals reliever Seung-Hwan Oh was still awaiting a work visa from the United States Embassy in South Korea and there was some worry that he might not be able to arrive on time to spring training in Jupiter, Florida.

But that is now officially a non-story.

Derrick Goold of the St. Louis Post-Dispatch reports that Oh has recieved his work visa and is expected to report to Cardinals camp next week along with the rest of the club’s pitchers and catchers. Oh might even show up a bit earlier than the Cardinals originally asked him to, per Goold.

Oh saved 357 games in 11 seasons between Japan’s Nippon Professional Baseball and the Korea Baseball Organization before inking a one-year contract with St. Louis this winter. He also registered a stellar 1.81 ERA and 772 strikeouts across 646 total innings in Asia, earning the nickname “The Final Boss.”

Oh is expected to work in a setup role this year for Cardinals closer Trevor Rosenthal.

John Lamb had back surgery in December, will likely get off to late start in 2016

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John Lamb was part of the Reds’ return package in last July’s Johnny Cueto trade and he had a strong showing at the Triple-A level in 2015. But the young left-hander posted a 5.80 ERA in a 10-start cup of coffee with Cincinnati late last season — his first 10 appearances as a major leaguer — and now comes word from MLB.com’s Mark Sheldon that Lamb will probably have to get off to a late start in 2016.

Lamb underwent surgery in December to repair a herniated disc in his back — a surgery that went unreported by the Reds until Tuesday afternoon. Reds manager Bryan Price acknowledged on MLB Network that Lamb is behind the team’s other starting pitchers and will likely open the coming season on the disabled list. The hope is that he might be ready by mid-April.

It’s a small but frustrating blow for a rebuilding Reds team that will be looking to establish some foundational pieces in 2016. Once he is recovered, Lamb will be expected to fill the Reds’ fifth rotation spot behind Raisel Iglesias, Anthony DeSclafani, Brandon Finnegan, and Michael Lorenzen.

This is going to be an ugly year for Cincinnati baseball fans.

Yu Darvish will report to spring training on time, hopes to begin mound work in March

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Rangers ace Yu Darvish missed the entire 2015 season after undergoing Tommy John reconstructive elbow surgery last March 17. Most starting pitchers take 13-15 months to fully recover from that procedure, and the Rangers aren’t counting on Darvish until sometime this May.

His rehab so far has gone on without issue.

Darvish offered some very positive updates Tuesday to Jeff Wilson of the Fort Worth Star-Telegram …

Darvish, 29, boasts a 3.27 ERA and 1.196 WHIP in 83 career major league starts. He can also claim a whopping 680 strikeouts in 545 1/3 career major league innings.

Texas has him under contract for $10 million in 2016 and $11 million in 2017.