The Giants won their third World Series title in five years in 2014, but have had a slow offseason. Until Friday, that is, when San Francisco reportedly re-signed free agent right-hander Jake Peavy and traded for third baseman Casey McGehee.
Giants re-sign Jake Peavy, trade for Casey McGehee, per reports
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San Francisco will land McGehee, per Jon Heyman of CBS Sports and Bob Nightengale of USA Today Sports. Minor league pitchers Kendrys Flores and Luis Castillo will head to Miami in the deal, per Juan C. Rodriguez of the Miami Sun-Sentinel.
Peavy signed a two-year, $24 million deal pending a physical, per John Shea of the San Francisco Chronicle.
It's not that the Giants were simply waiting on the sidelines this winter. The team pursued third baseman Pablo Sandoval, who left to join the Red Sox on a five-year, $98 million deal. San Francisco was outbid for outfielder Yasmany Tomas, who signed a six-year deal worth $68.5 million with the Diamondbacks. The Giants were also among the final four in pursuit of starting pitcher Jon Lester, who signed during the winter meetings with the Cubs for six years and $155 million.
The team was even rumored to be in on third baseman Chase Headley, who returned to the Yankees for $50 million over four years.
The Giants did also reportedly agree to terms with Sergio Romo earlier in the week, bringing back the relief pitcher for $15 million over two years.
McGehee played for Rakuten in Japan in 2013, but returned to the majors in 2014 with the Marlins, hitting .287/.355/.357, a 99 OPS+, with 29 doubles and 67 walks in 160 games for Miami. The 32-year-old right-hander has two more seasons of salary arbitration eligibility before hitting free agency.
Peavy was 7-13 with a 3.72 ERA in 32 starts between the Red Sox and Giants, acquired on July 26 for minor league pitchers Heath Hembree and Edwin Escobar. Peavy was effective in San Francisco, where he was 6-4 with a 2.17 ERA in 12 starts for his old manager, Bruce Bochy. He put up a 6.19 ERA in four postseason starts, suffering two of the Giants' three World Series losses.
He rejoins a Giants rotation led by Madison Bumgarner, with Tim Hudson, Matt Cain returning from injury, and Tim Lincecum.
Peavy, who turns 34 in May, will receive a $4 million signing bonus, per Shea, then salaries of $7 million in 2015 and $13 million in 2016.
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