Padres, White Sox agree; deal up to Peavy
San Diego ace must decide whether to waive no-trade clause

The Padres and White Sox have agreed on the terms of a potential trade that would send All-Star right-hander Jake Peavy to Chicago, two sources told MLB.com on Thursday, and the ball is now in Peavy's court.

Peavy, who has a no-trade clause and must approve any deal, reportedly met with Padres manager Bud Black after Wednesday's 2-1 win over the Giants to discuss the White Sox interest in the Padres ace, according to a report in the San Diego Union-Tribune.

"I only know what you guys [media] know," Peavy said late Wednesday when asked about a potential deal.

Peavy has stated that his intention is to remain in San Diego and it is believed that if he were to agree to a trade, his preference is to remain in the National League.

The 2007 NL Cy Young Award winner is in his eighth Major League season. He has spent all of those with the Padres and has a career record of 89-67 with a 3.21 ERA. He is 3-5 with a 3.82 ERA in nine starts this season.

Two players believed to be in deal are left-handers Clayton Richard and Aaron Poreda, a first-round Draft pick in 2007 who would be the kind of front-line starter the Padres would desire.

Richard, 25, has no record and a 4.33 ERA in 14 appearances for the Sox this season, including two starts. Poreda, 22, is 3-4 with a 2.53 ERA in eight starts for Double-A Birmingham. He has allowed just 32 hits and struck out 50 in 46 1/3 innings.

A considerable part of any trade negotiations could be the money remaining on the contract Peavy signed in December 2007.

Peavy, who is making $11 million this season, will make $15 million in 2010, $16 million in 2011 and $17 million in 2012. The Padres hold a team option for $22 million with a $4 million buyout.

The White Sox are 17-22 and in fourth place in the AL Central, but are only 5 1/2 games out and are looking to improve. Their GM, Kenny Williams, has shown himself to be aggressive in acquiring players. Current White Sox he acquired include pitchers John Danks and Gavin Floyd and outfielder Carlos Quentin.

Danks came from the Rangers and won 12 games last season. Floyd, who came from the Phillies in a 2007 deal for Freddy Garcia, won 17 games. And Quentin hit 36 home runs after arriving from the Diamondbacks in a minor deal.

Peavy was nearly traded in last offseason to the Cubs, who pulled the plug on a potential deal at the Winter Meetings in December. The Padres were actively shopping Peavy because they were trying to shed payroll to get close to the $40 million mark targeted by club chairman John Moores.

Peavy is coming off a complete-game victory Sunday over the Reds in which he allowed one run with eight strikeouts and no walks. He threw a career-high 92 strikes in that game, against 29 balls.

He better veto that trade

I thought he said he prefers the NL, but I doubt he's serious.

He won't help the White Sox enough to beat out the Tigers

Peavy blocks the trade

Peavy rejects trade to White Sox
Ace says staying in San Diego is best for 'me and my family'

By Corey Brock and Scott Merkin / MLB.com

05/21/09 7:28 PM ET

CHICAGO -- Ken Williams struck again, but Jake Peavy declined overtures from the White Sox on Thursday to become the latest impact addition made during Williams' nine-year reign as general manager.

"Right now, this is the best place for me and my family," Peavy said in a statement on Thursday evening.

The Padres and White Sox agreed on the terms of a trade early Thursday that would have sent the All-Star right-hander to Chicago. Peavy, who has a no-trade clause and must approve any deal, met with Padres manager Bud Black after Wednesday's 2-1 win over the Giants to discuss the White Sox interest in the Padres' ace.

It is believed the White Sox would have included left-handers Clayton Richard and Aaron Poreda in the deal. Poreda was a first-round Draft pick in 2007.

Richard, 25, has no record and a 4.33 ERA in 14 appearances for the White Sox this season, including two starts. Poreda, 22, is 3-4 with a 2.53 ERA in eight starts for Double-A Birmingham. He has allowed just 32 hits and struck out 50 in 46 1/3 innings.

Poreda is thought to have a Major League-ready fastball, which often tops out in the high 90s. But the big southpaw continues to work on secondary pitches.

Peavy also talked with White Sox reliever Scott Linebrink, a friend of the National League Cy Young Award winner and teammate from 2003-07. Linebrink said that Peavy asked very pointed and direct questions during their Wednesday afternoon conversation, but left the chances of Peavy coming to the White Sox at 50-50 when Linebrink spoke with the media Thursday.

Corey Brock and Scott Merkin are reporters for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.