Jake Peavy headed to Boston Red Sox in three-team trade involving Detroit Tigers

Perhaps the biggest chip on the trade market, Jake Peavy is headed to Boston Red Sox as part of a three-team deal involving the Detroit Tigers. CBS Sports Jon Heyman was the first to report a deal was in place between Chicago and Boston. Multiple reports, including one from WEEI, quickly identified the rumored third team to be the Detroit Tigers.

To fill in the particulars of the deal, in addition to Peavy the Red Sox will receive reliever Brayan Villarreal from Detroit. The Tigers will receive shortstop Jose Iglesias, who would step in for the soon to be suspended Jhonny Peralta, from Boston. The White Sox will receive highly regarded outfield prospect Avisail Garcia from their divsion rivals and three lower-level prospects — pitchers Francelis Montas and Jeffery Wendelken, and infielder Cleuluis Rondon — from Boston.

It's a very interesting trade that seemed to develop quickly late on Tuesday evening. The White Sox wisely scratched Peavy from his scheduled start against the Cleveland Indians in case a deal would fall into place. According to ESPN's Jerry Crasnick, a three-team deal was in fact materializing with the Arizona Diamondbacks and Los Angeles Angels earlier in the day. That report seemed to have a lot of momentum, too, considering the D-Backs were being viewed as the most aggressive suitor for Peavy, but it was also known Arizona would have to rearrange some furniture and create salary relief by dealing starter Ian Kennedy or outfielder Jason Kubel to make it work.

The potential three-way deal would have included the Angels acquiring Kennedy to help free up that money and the White Sox receiving multiple prospects from both teams, but they obviously found a better match for their needs with Boston and Detroit.

As for the Red Sox, the deal is simple. They needed to add depth to their starting rotation with Clay Buchholz's status still up in the air. According to Heyman, they were also in strong on Cliff Lee all day Tuesday, so they were determined to fill the need. How much Peavy ultimately helps is yet to be determined. He's a seemingly constant injury concern — recently returned from a broken rib — and has allowed 14 home runs in somewhat limited time this season. That said, he has big game experience, and now has a little extra motivation by entering directly into a critical race in the American League East.

All things considered, it appears to be a well thought out deal for all three teams involved. Whether or not we're saying that six months or a year from now is anybody's guess, (hint: we probably won't) but for now it feels like a potential win-win-win.

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