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Several factors come into play here. First, Cubs right-hander Ryan Dempster has filed for free agency, and Peavy is seen as a hedge against Dempster leaving. Second, the Cubs still have some money to play with even though the team has been for sale since Opening Day of 2007.
Peavy has a guaranteed $63 million coming through the 2012 season, and the Cubs seem to think that's no object, especially if they can trade right-hander Jason Marquis and all or part of his $9.25 million for 2009.
If the Cubs can land Peavy, and it may take four young players, and keep Dempster as well, they'd have a formidable rotation that also includes Carlos Zambrano, Rich Harden and Ted Lilly.
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