Peavy, Padres closing in on contract extension Print
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Sunday, 02 December 2007 20:50
MLB Headline News

 SAN DIEGO (AP) -Cy Young Award winner Jake Peavy of the San Diego Padres could have a contract extension within the next several days.
``We're moving toward it but it's not a done deal yet,'' Peavy's agent, Barry Axelrod, said Sunday night from Nashville, Tenn., site of the winter meetings. ``There's still some stuff we're trying to work out. We're happy and we're moving. We're closing the gap, put it that way.''
Axelrod said he had dinner Sunday night with Padres general manager Kevin Towers and some other team executives. But the agent didn't think a deal would be announced during the winter meetings.
``Maybe early next week, assuming we can keep this ball rolling the way it's rolling,'' he said.
Asked about reports that it would be a three-year extension, Axelrod said: ``That's one of the things we're still trying to figure out.''
Whatever the amount the sides settle on, Peavy, the unanimous Cy Young pick, will command the biggest contract in team history.
Peavy is due $6 million in 2008. Because Peavy won the Cy Young Award, the price of the club's 2009 option increased by $3 million to $11 million.
Peavy led the NL in wins, ERA and strikeouts - pitching's version of a Triple Crown. He went 19-6 while topping the majors in ERA (2.54) and strikeouts (240) for the Padres, who came within one win of their third consecutive playoff berth. He joined Roger Clemens as the only starting pitchers to win a Cy Young Award without tossing a complete game.
 

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