FOX Sports' Ken Rosenthal reports that Jake Peavy has re-signed with the Giants on a two-year, $24 million contract.
Athletics acquired RHP R.J. Alvarez from the Padres in the Derek Norris trade.
Alvarez has now been traded twice in five months, as he went from the Angels to the Padres in the Huston Street deal. The 23-year-old allowed just one run in eight innings with the Padres and posted a 1.25 ERA and 61/13 K/BB ratio over 43 1/3 Double-A frames last season. Sean Doolittle is locked in as the A's closer, but Alvarez has the upside to eventually pitch in the ninth inning.
Athletics acquired RHPs Jesse Hahn and R.J. Alvarez from the Padres in exchange for C Derek Norris, RHP Seth Streich and international bonus slot 117.
Hahn had a breakout showing with the Padres in 2014, posting a 3.07 ERA while striking out 70 over 73 1/3 innings. He's had past arm issues, but if he can stay healthy he should maintain plenty of fantasy upside pitching half his games at O.co Coliseum.
Padres acquired RHP Seth Streich from the Athletics in the Derek Norris trade.
A former sixth-round pick, Streich boasts a 3.37 ERA and 246/81 K/BB ratio over his first 262 minor league innings. The righty finished 2014 in High-A, but he'll turn 24 in February so he should move pretty quickly.
Padres acquired C Derek Norris, RHP Seth Streich and international bonus slot 117 from the Athletics in exchange for RHPs R.J. Alvarez and Jesse Hahn.
The trade was reported a couple hours ago and has already been made official. An All-Star in 2014, Norris batted .270/.361/.403 with 10 homers for the A's last season. He's struggled defensively and against right-handed pitching, but Norris should still be an above-average offensive catcher even if he doesn't improve versus righties.