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 More Padres NewsJake Peavy agreed to a budget-friendly multiyear deal, rather than opting to test his arbitration clout on a yearly basis or give up his first year of free agency. Among agents it was believed that Peavy benefited the Padres by $10 million to $20 million when he agreed to the deal, which also bought out Peavy's first year of free agency. Peavy, whose salary is $4.75 million this year and $6 million next year, won't be eligible for free agency until after the 2009 season. The Padres hold an $8 million option on Peavy for 2009. The salary would rise to $11 million if Peavy were to win the NL Cy Young Award in any season. |
