Peavy reportedly also drew interest from the Miami Marlins and Atlanta Braves. He will make $7 million next season and $13 million in 2016. The righthander will receive a $4 million signing bonus, and his new contract includes a full no-trade clause, according to ESPN.com’s Jerry Crasnick.
Peavy, 33, went 7-13 with a 3.73 ERA and 158 strikeouts last season with San Francisco and Boston Red Sox, who dealt the three-time All-Star before the trade deadline. He went 1-2 in four postseason starts in 2014.
Peavy, the National League Cy Young award winner in 2007, has won a World Series title in each of the past two years with the Red Sox and Giants. He has a career record of 139-111 with a 3.53 ERA and 2,027 strikeouts in 12 major league seasons with four teams.
- Scooby Axson