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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.

Chris Bassitt will undergo Tommy John surgery on Friday

Oakland Athletics pitcher Chris Bassitt sits in the dugout after being relieved against the Detroit Tigers in the fourth inning of a baseball game in Detroit, Thursday, April 28, 2016. (AP Photo/Paul Sancya)
AP Photo/Paul Sancya
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Athletics pitcher Chris Bassitt will undergo season-ending Tommy John surgery on Friday, MLB.com’s Jane Lee reports. He was diagnosed with a partially torn ulnar collateral ligament over the weekend, so this news doesn’t come as much of a surprise.

Bassitt, 27, is certainly out for the remainder of the 2016 season and will likely miss a sizable portion of the 2017 season as well. The right-hander made five starts for the A’s to begin the season, but put up an ugly 6.11 ERA with a 23/14 K/BB ratio in 28 innings.

Jesse Hahn took Bassitt’s spot in the Athletics’ starting rotation. Hahn is expected to start next on Saturday versus the Orioles.

Report: Twins place Tommy Milone and Casey Fien on waivers

Minnesota Twins starting pitcher Tommy Milone throws during the first inning of a baseball game against the Milwaukee Brewers Wednesday, April 20, 2016, in Milwaukee. (AP Photo/Morry Gash)
AP Photo/Morry Gash
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Mike Berardino of the St. Paul Pioneer press is reporting that the Twins have placed pitchers Tommy Milone and Casey Fien on waivers. Berardino adds that Fien would be able to reject a demotion to the minors if he passes through waivers, but Milone could not.¬†Milone and Fien are only a part of what’s been ailing the 8-20 Twins.

Milone, 29, was solid out of the rotation for the Twins last season, but the same can’t be said of his start to the 2016 season. The lefty has a 5.79 ERA with a 19/7 K/BB ratio over four starts and one relief appearance. He was taken out of the Twins’ rotation following his final start in April.

Fien, 32, was also dependable for the Twins in previous years, but has had a rocky 2016 thus far. The right-hander has yielded 12 runs on 21 hits and three walks with 12 strikeouts in 13 2/3 innings.

Milone will be eligible for his third and final year of arbitration after the season after earning $4.5 million this season. Fien has two more years of arbitration eligibility left — his third and fourth — and is earning $2.275 million this year.

Kyle Lohse is throwing for interested teams today

Kyle Lohse
AP Photo/Jeff Chiu
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Free agent starter Kyle Lohse is throwing for interested teams at the University of California, Irvine, MLB Network’s Jon Heyman reports.

Lohse, 37, remains unsigned into baseball’s second month on the heels of last season’s 5.85 ERA and 108/43 K/BB ratio over 152 1/3 innings. Although Lohse was quite good in the four seasons prior, teams are understandably reluctant to bank on pitchers in their late-30’s.

The Orioles, Tigers, and Reds have had reported interest in Lohse in recent months.

Majestic Athletic employees will protest at Coca-Cola Park on Friday

CHICAGO, IL - JULY 10: Kris Bryant (L) of the Chicago Cubs and Anthony Rizzo #44 pose for a photo with their All Star jersey's before the game against the Chicago White Sox on July 10, 2015 at  Wrigley Field in Chicago, Illinois. (Photo by David Banks/Getty Images)
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Anthony Salamone of the Morning Call reports that Majestic Athletic employees plan to protest at Coca-Cola Park in Allentown, PA on Friday night. The employees are protesting Majestic’s owner VF Corporation’s attempt to undercut wages and medical benefits. VF Corporation acquired Majestic in February 2007.

Coca-Cola Park is home to the Lehigh Valley IronPigs, the Phillies’ Triple-A affiliate. Majestic has manufacturing facilities in Easton, PA, which is less than a half-hour from Coca-Cola Park. The IronPigs, as well as all 30 Major League Baseball teams, wear uniforms manufactured by Majestic.

Corporations affiliated with Major League Baseball taking advantage of employees isn’t anything new. Last year, when protests over police violence disrupted the Orioles’ schedule, some employees with the Orioles and Aramark almost lost out on multiple days of pay.