Hot Stove Stuff: Peavy, the Blockbuster Marlins-Tigers Trade, Transactions...

One of the best pitchers in baseball is literally about to get paid -- handsomely.

The AP is reporting that Padres' ace, Jake Peavy will be guaranteed $52 million from a three-year extension that will run from 2010-12. Should the team exercise a $22 million option for 2013, the deal will be worth $70 million. The deal will probably be finalized sometime after the Winter Meetings.

Including 2008-09, for which Peavy already is under contract, he could make $87.5 million during the next six seasons.

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From ESPN: The Florida Marlins and Detroit Tigers have agreed in principle on a trade that will send Miguel Cabrera and Dontrelle Willis to Detroit for key prospects, sources told ESPN's Peter Gammons.

The Tigers would send outfielder Cameron Maybin, pitcher Andrew Miller, catcher Mike Rabelo and three other minor league pitchers to the Marlins.

Here's ESPN's Steve Phillips with an analysis of the deal...



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* Outfielder Jose Guillen and the Kansas City Royals have reached a preliminary agreement for a three year, $36 million deal.

* The Atlanta Braves and Chicago Cubs have completed a three-player trade that will give Atlanta a new left-handed relief pitcher and backup infielder. The Braves acquired left-handed pitcher Will Ohman and infielder Omar Infante from the Cubs on Tuesday in exchange for right-handed pitcher Jose Ascanio.

* The Boston Red Sox and reliever Mike Timlin reached a preliminary agreement on a one-year contract worth $3 million.

* The Chicago White Sox added depth to their inexperienced outfield Monday, acquiring Carlos Quentin from the Arizona Diamondbacks for minor league first baseman Chris Carter.

* Former commissioner Bowie Kuhn was elected to the Baseball Hall of Fame by the revamped Veterans Committee on Monday while his longtime adversary, players' union boss Marvin Miller, was left out for the second time this year. Former Dodgers owner Walter O'Malley, managers Dick Williams and Billy Southworth and ex-Pirates owner Barney Dreyfuss also were elected.