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: Yankees, Reds finalizing trade for Sonny Gray

Sonny Gray
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Barring physicals and roster reshuffling, the Yankees and Reds are all but ready to finalize a deal involving right-hander Sonny Gray, Fancred’s Jon Heyman reported Saturday. The exact return has not been confirmed, but Heyman hears that the Yankees will receive top infield prospect Shed Long and a draft pick in exchange for Gray, with an as-yet unnamed third player possibly involved as well.

According to several reports earlier in the day, negotiations came down to the wire as the Yankees first had their eye on the Reds’ no. 6 prospect, 22-year-old catcher Tyler Stephenson. The Reds ultimately elected to hang on to Stephenson and send Long to New York, as they currently have a greater need for catching depth and weren’t expected to be able to provide a full-time role for the infielder in 2019. Long, 23, is ranked seventh in the Reds’ system and appears to be nearing his MLB debut after batting .261/.353/.412 with 12 homers and a .765 OPS across 522 PA at Double-A Pensacola last year.

Gray figures to step into a prominent role within the Reds’ rotation, which is likely to be a mix of recently-acquired left-hander Alex Wood and right-handers Tanner Roark, Luis Castillo, Anthony DeSclafani, and Tyler Mahle, among several others. Despite Gray’s struggle to remain productive on the mound — he’s three years removed from his only All-Star campaign and turned in a disappointing 4.90 ERA and 2.16 SO/BB rate in 2018 — he might yet help stabilize a team that trotted out the fifth-worst rotation in the majors last season. If, on the other hand, the veteran righty finds the hitter-friendly confines of Great American Ball Park a little too unforgiving this year, the Reds can take some comfort in the fact that he’s due to enter free agency in 2020.