February 28, 2005
PEORIA, Ariz. – Padres General Manager Kevin Towers said yesterday that he and pitcher Jake Peavy's
agent have agreed to terms on a four-year contract, plus a club option on Peavy's first year of free agency in 2009
Peavy's total guarantee is worth close to $15 million. Towers said the club will announce the pact after arranging an insurance policy for the 23-year-old right-hander, who went 15-6 with a National League-best 2.27 ERA last season.