Buster Olney has more info on the Jake Peavy Sweepstakes. Here's a link to his article. Some interesting things from the article:
At least one team the Padres have spoken with about Peavy have demonstrated an interest in expanding the deal to include shortstop Khalil Greene, whose $6.5 million salary the Padres would like to move,
Cesar Izturis has been maligned by a large segment of the Cardinals on-line community, mostly due to a lack of offensive production. However for my money he's a much better option than Khalil. First of all, there is no difference in defensive ability between the two. Second, Khalil isn't a hit for average guy; he won't hit above .260. Third, 2007 was a career for Greene (27 HR, 97 RBI), and last year he returned to something approximating his career norms. Fourth, other than his 2007 season, he has missed significant time each year with various hand issues (usually broken bones in his glove hand). So if Greene is a mandatory part of this trade to get Peavy, well, unless Mo can swing a 3-team deal to move Greene on somewhere else that's a deal breaker.
Multiple sources consider it likely the Padres will deal Peavy in the weeks ahead, and that is a virtual certainty that he will be traded before the July 31 deadline next season. The Padres are seeking at least two young pitchers in return, along with someone who can become the team's everyday center fielder sometime in the immediate to near future.
Cardinals have a plethora of guys who can play center (Schumaker, Ankiel, Ludwick, Rasmus). Two young pitchers? It would probably take someone like Jimenez, Parisi, Motte, or Boggs. Piniero if we're lucky.
Peavy's agent, Barry Axelrod, told local sports talkradio yesterday that Peavy did take a 'San Diego discount' when he signed his extension last year, so he'd be looking for additional compensation from whatever team landed him via trade. Seeing as the Cardinals already committed (gulp) $42M to Lohse for the next 4 years, I'm not sure how much room remains in their budget.
However, I remain convinced that when talent comes available, that can help your particular situation, you should go for it. Go for it, Mozeliak.