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.

Giants CEO Larry Baer likely to be disciplined today

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Steve Berman of The Athletic — known to some as Bay Area Sports Guy – reported overnight that Major League Baseball is likely to hand down discipline to Giants CEO Larry Baer today. Possibly as early as this morning.

As you’ll recall, on March 1, Baer was caught on video having a loud, public argument with his wife during which he tried to rip a cell phone out of her hands, which caused her to tumble off of her chair and to the ground as she screamed “help me!” After a couple of false-start statements in which he seemed to dismiss and diminish the incident, Baer released a second solo statement, apologizing to his wife, children and the Giants organization and saying he would “do whatever it takes to make sure that I never behave in such an inappropriate manner again.”

On March 4, Baer stepped away from the Giants, taking “personal time” and relinquishing his CEO role, at least temporarily. Given Major League Baseball’s domestic violence policy, which does not require criminal charges to trigger discipline — and given how bad a look it would be for Major League Baseball not to take any action against Baer when it is certain that it would take action against a player in a similar scenario — it was only a matter of time before the league added to whatever discipline Baer and the Giants had decided to do on their own accord.

At the time of the incident I detailed Major League Baseball’s history of disciplining owners. As discussed in that post, it’s a tricky business, as owners don’t typically rely on salaries from their team and thus it’s hard to distinguish a suspension from a vacation. The examples cited there, however, at least begin to outline the tools at MLB’s disposal in taking action against Baer, and the league has no doubt been thinking about how to approach the matter for the past month.

We’ll see what they came up with some time today.