Red Sox, White Sox, Tigers finalize three-team Jake Peavy deal

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It’s official. The Red Sox have acquired Jake Peavy from the White Sox and reliever Brayan Villarreal from the Tigers as part of a three-team trade. The Tigers picked up shortstop Jose Iglesias from Boston. The White Sox are getting outfielder Avisail Garcia from the Tigers and three lower level prospects from the Red Sox: shortstop Cleuluis Rondon, RHP Francellis Montas and RHP Jeffrey Wendelken.

The addition of Peavy, who is owed $14.5 million next year, gives Boston added protection in case Clay Buchholz struggles to return from his neck problems down the stretch. It’s expensive insurance, though, with no guarantee that Peavy is much of an upgrade over Ryan Dempster or Felix Doubront in a projected four-man postseason rotation that also includes Buchholz, Jon Lester and John Lackey. Of course, the Red Sox have to worry about reaching the postseason first.

Peavy is 8-4 with a 4.28 ERA and a 76/17 K/BB ratio over 80 innings in 13 starts this season. He missed time earlier in the year with a broken rib. His biggest problem has been the home run ball  — he’s allowed 14 — but switching from U.S. Cellular to Fenway will help there.

Iglesias, a Rookie of the Year candidate who was hitting .330/.377/.409 in 215 at-bats for the Red Sox, makes a great deal of sense for Detroit with Jhonny Peralta facing a Biogenesis suspension of at least 50 games. He gives the Tigers the rangy shortstop they need to put next to Miguel Cabrera, and while Peralta may get his job back at the very end of the year, there’s little doubt that it’ll be Iglesias next year, with Peralta presumably moving on in free agency.

The 22-year-old Garcia was talked up last year as a big piece of the Tigers’ future. His resemblance to Cabrera in the batter’s box probably helped in that regard. This year, he had hit .382/.414/.549 in 144 at-bats in Triple-A, but just .241/.273/.373 in 83 at-bats in the majors, and the Tigers deemed him expendable with fellow outfield prospect Nick Castellanos also knocking on the door. Plate discipline is an issue for Garcia, and while scouts expect his power to come, his high home run total in six minor league seasons is 14. Whether the White Sox use him right away could hinge on an Alex Rios deal. For now, though, he’s been optioned to Triple-A Charlotte.

The departure of Iglesias makes third base a question mark for Boston, fueling rumors that a deal for the Phillies’ Michael Young could follow. Barring a trade, the Red Sox will have to decide whether to promote Will Middlebrooks, Brock Holt or No. 1 prospect Xander Bogaerts from Triple-A to pair with or, more likely, start over Brandon Snyder at third. Bogaerts, a natural shortstop, is outhitting Middlebrooks in Triple-A, but he’s played just five games at third since getting a look there earlier in the month. The Red Sox also now have to weigh in the fact that Bogaerts is again clearly the shortstop of the future with Iglesias gone.

Villarreal, going from Detroit to Boston, has a 4.56 ERA and an 86/46 K/BB ratio in 75 innings as a major leaguer. He seemed to be on his way to emerging as a key piece in the Tigers bullpen last year, but control became an especially big problem late and he was left off the postseason roster. This year has been a disaster for him, but the fresh start could do him some good. He throws 94-98 mph, so he has some upside as a short reliever.

None of the prospects going from Boston to Chicago were viewed as key pieces of the Red Sox system. Rondon, 19, was hitting .276/.326/.350 in short-season ball. Montas, 20, was 2-9 with a 5.70 ERA and a 96/32 K/BB ratio in 85 1/3 innings as a starter for low Single-A Greenville. Wendelken, 20, had a 2.77 ERA and a 54/20 K/BB ratio in 65 innings as a reliever in low-A ball.

A’s running out of time to find home in Oakland, Las Vegas

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LAS VEGAS — The Oakland Athletics have spent years trying to get a new stadium while watching Bay Area neighbors such as the Giants, Warriors, 49ers and Raiders successfully move into state-of-the-art venues, and now time is running short on their efforts.

The A’s lease at RingCentral Coliseum expires after the 2024 season, and though they might be forced to extend the terms, the club and Major League Baseball have deemed the stadium unsuitable for a professional franchise.

They are searching for a new stadium in Oakland or Las Vegas, but they have experienced difficulties in both areas. The A’s missed a major deadline in October to get a deal done in Oakland, and there has been little indication they will receive the kind of funding they want from Las Vegas.

“I think the A’s have to look at it in a couple of ways,” said Brendan Bussmann, managing partner at Las Vegas-based B Global. “Obviously, they have struggled in Oakland to get a deal across the line. It isn’t for a lack of effort. . You have an owner that’s willing to pony up money, you have a club that wants to sit there and figure out a way to make it work, and you keep running into obstacles along the way.

“It’s time to fish or cut bait. Oakland, do you want them or not? And if not, where are the A’s going to get the best deal? Is it Vegas? Is it somewhere else? They’ll have to figure that out.”

What the A’s are thinking is a little bit of a mystery. Team President Dave Kaval was talkative earlier in the process, saying the A’s are pursuing two different tracks with Oakland and Las Vegas. But he went silent on the subject several months ago. A’s spokeswoman Catherine Aker said mostly recently that the club would withhold comment for now.

The A’s have been negotiating with Oakland to build a $1 billion stadium as part of a $12 billion redevelopment deal.

Newly elected Mayor Sheng Thao said reaching a deal is important as long as it makes economic sense to the city. Her predecessor, Libby Schaaf, led prior efforts to reach an agreement, but after the city and the A’s missed that October deadline, MLB Commissioner Rob Manfred expressed reservations a deal will ever get done.

“The pace in Oakland has not been rapid, number one,” Manfred said at the time. “We’re in a stadium situation that’s really not tenable. I mean, we need to do something to alter the situation. So I’m concerned about the lack of pace.”

Recent California history justifies his concerns. SoFi Stadium in Southern California and Chase Center in San Francisco were built with private money, and Levi’s Stadium in Santa Clara was 90% privately financed.

“And then I think there was some contagion where around the country people realized these deals could be done well privately and could generate a return on investment to those investors,” said David Carter, a sports business professor at the University of Southern California. “Why are we throwing public money at it at all?”

That’s also a question being asked in Las Vegas, even though the Raiders in 2016 received $750 million from the Nevada Legislature for a stadium. That then was the largest amount of public money for a sports venue, but it was surpassed last March by the $850 million pledged to construct a new stadium for the NFL’s Buffalo Bills.

Another deal like the one for Allegiant Stadium, where the Raiders play, appears unlikely in Nevada. T-Mobile Arena, which opened in 2017, was privately financed. An arena planned for south of the Las Vegas Strip also wouldn’t rely on public funds.

Las Vegas, however, has shown financing creativity. Its Triple-A baseball stadium received $80 million in 2017 for naming rights from the Las Vegas Convention and Visitors Authority. Room taxes fund the authority, so it was public money in a backdoor sort of way.

Clark County Commissioner Michael Naft, who is on the board of the convention authority, has spoken with A’s representatives about their interest in Las Vegas and said he is aware of the club’s talks with other Nevada officials. He said the A’s are taking a much different approach than the Raiders, who identified Las Vegas early as their choice landing spot after many years of failing to get a new stadium in Oakland.

“When the Raiders decided to come to Las Vegas, they had a clear plan,” Naft said. “You had a clear body that was tasked with assessing the worth and the value, and they committed to the destination. I have not seen that from the Oakland A’s at any level, and it’s not really our job to go out and beg them to come here because we have earned the reputation of the greatest arena on Earth. We have put in both the dollars and the labor to make that the case.

“I think I’ve made myself clear, but from conversations with others, I don’t think I’m alone on that.”

New Nevada Gov. Joe Lombardo “will not raise taxes” to attract the A’s or any other team, his spokeswoman, Elizabeth Ray, said in a statement. But she said the club could qualify for other ongoing “economic development programs,” which could mean tax breaks similar to what Tesla received in 2014.

Manfred said in December that the A’s relocation fee would be waived if they move to Las Vegas, a savings to the club reportedly of up to $1 billion.

“We’re past any reasonable timeline for the situation in Oakland to be resolved,” Manfred said then.

Naft said Allegiant Stadium filled a hole that went beyond landing an NFL team. It allowed Las Vegas to attract major sporting events such as the Super Bowl and Final Four and major concerts such as Garth Brooks and Elton John that “in many cases we would not otherwise have.”

He said he doesn’t believe a baseball stadium would accomplish that, and sports economist Victor Matheson agreed.

“I think there’s a real question about how much people are willing to watch baseball in Las Vegas,” said Matheson, a professor at College of the Holy Cross in Worcester, Massachusetts. “It’s not like locals don’t have a huge number of entertainment options right now, and it’s not clear exactly how much people might travel to watch baseball in Vegas, either.”

If the A’s truly want to be in Las Vegas, Naft said they need to make that clear.

“I just believe you can’t play destinations against each other,” Naft said. “If you want to come here and you want to be met with open arms, you’ve got to commit.”

Should the A’s fail to reach an agreement in Oakland or Las Vegas, they could consider other destinations such as Charlotte, North Carolina; Nashville; and Portland, Oregon. Whether they would have the time to explore such options is another question.

Oakland has already shown it will watch the Raiders move to Nevada and the Warriors go across the Bay Bridge to San Francisco.

Las Vegas, Matheson noted, is hardly in a desperate situation. He also expressed caution that Las Vegas could go from being among the largest metropolitan areas without a major professional sports team to among the smallest with three franchises.

“So you’ve gone from kind of being under-sported to being over-sported in a short period of time if the A’s were to go there,” Matheson said.