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.

Report: Christian Yelich’s relationship with Marlins ‘irretrievably broken’

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Joe Longo, the agent of Marlins outfielder Christian Yelich, said his client’s relationship with the Marlins is “irretrievably broken,” ESPN’s Jerry Crasnick reports. He believes in the best interest of both Yelich and the Marlins to work out a trade before the start of spring training.

Longo said,

They have a plan. I respect that plan, but that plan shouldn’t include Christian at this point in his career. He’s in the middle of the best years of his career, and having him be part of a 100-loss season is not really where [we] want to see him going.

The relationship between player and team is irretrievably broken. It’s soured. He’s part of the old ownership regime. The new ownership regime needs to get new parts into this plan and move forward, and he needs to get on with his career where he’s got a chance to win. The big issue is him winning and winning now.

He loves the city of Miami. He loves the fans. He’s had nothing but a good experience in South Florida, and he feels sorry where they ended up. But I think having him report [to spring training] and attempting to include him moving forward is going to be uncomfortable for both sides. I don’t see how it’s going to work.

This certainly comes as no surprise considering the offseason the Marlins have had after installing new ownership, going from Jeffrey Loria to Bruce Sherman and Derek Jeter. The club traded All-Star outfielder Giancarlo Stanton, who hit 59 home runs last season, as well as Dee Gordon and Marcell Ozuna. As Crasnick notes, Yelich isn’t the only player to express disappointment with the Marlins’ current direction — J.T. Realmuto and Starlin Castro have as well.

Yelich, 26, signed a seven-year, $49.57 million contract extension with the Marlins in March of 2015. Given his career performance, that’s a bargain of a contract, which is why more than a handful of teams have inquired with the Marlins about him this offseason. Yelich finished the past season with a .282/.369/.439 triple-slash line along with 18 home runs, 81 RBI, 100 runs scored, and 16 stolen bases in 695 plate appearances.