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.

Orioles CEO, brother agree to dismiss legal dispute

Tommy Gilligan-USA TODAY Sports
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Baltimore Orioles CEO John Angelos and his brother Lou have agreed to end their fight over a lawsuit in which Lou accused John of seizing control of the team in defiance of their father Peter’s wishes.

Lou Angelos sued John last year, claiming John took control of the Orioles at his expense. Georgia Angelos, their mother, also was named as a defendant.

In a Friday court filing in the case, John, Lou, Georgia and Peter Angelos called on “all claims, including all counterclaims and defenses, asserted therein be dismissed with prejudice in their entirety.”

“The Parties also withdraw and terminate all pending motions submitted in these actions,” the filing said.

Peter Angelos became the Orioles’ owner in 1993, but his public role has diminished in recent years and he turned 93 last year. According to the suit, he had surgery after his aortic valve failed in 2017.

Lou Angelos accused John of trying to take control of Peter Angelos’ assets and manipulating Georgia Angelos. The lawsuit was one of a handful of off-field issues looming over the Orioles this offseason. The team also has a lease at Camden Yards that expires at the end of the year.