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Jake Peavy Purchases San Diego Padres, Names Jake Peavy GM, Seeks Trade Offers for Pitcher Jake Peavy

posted Dec 17, 2008, 7:58 AM by Steven Seagal   [ updated Feb 15, 2009, 12:33 PM ]
Jake Peavy, starting pitcher for the San Diego Padres, purchased the San Diego Padres in the first of a whirlwind of moves that appear to restructure the entire organization.  Goldman Sachs, contracted last week by Padres owner John Moores to broker a sale of the organization, announced the deal at 8:00AM EST.  According to Goldman Sachs' press release, Peavy purchased the entire San Diego Padres organization for $11M, roughly 1/8th of what Moores paid for the team in 1994, and the exact salary he is due from the San Diego Padres in 2009.   At 8:05AM EST, Peavy called a press conference to announce  that he would finance the purchase by pitching for free next year, and "calling it even."  Peavy then shocked the press corps in attendenance by outlining a series of radical changes he plans to make to the organization.  In his first move as owner of the San Diego Padres, he has fired Padres GM Kevin Towers and replaced him with Jake Peavy.  He followed this news by proclaiming that in his first move as GM of the San Diego Padres, he is accepting all trade offers for Padres ace Jake Peavy - who is now due $52M over the next 4 years instead of $63M during the same period.  Following the press conference, owner Jake Peavy issued a press release reacting to the new financial committment to pitcher Jake Peavy, stating, "As owner of the San Diego Padres, I have complete confidence that our general manager will be able to leverage the benefit of one free year of our ace pitcher's services into an attractive package of young players to help rebuild the Padres organization."  GM Jake Peavy, reached for comment, urged teams who were deep in now defunct trade talks with previous GM Kevin Towers, such as the Braves and the Cubs, to contact him as soon as possible.  He went on to say that other teams who were previously precluded from talks due to Peavy's extensive no trade clause should not hesitate to contact him, as he "had it on good authority" that Peavy was amenable to waiving his no-trade privilege for "any club except the San Diego Padres."
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