The Chicago White Sox and San Diego Padres have agreed to a deal that would send Peavy to the White Sox and four prospects back to San Diego, reports SI.com. The deal only needs approval from Peavy, who has a complete no-trade clause.

Aaron Poreda and Clayton Richards, both highly regarded left-handed pitching prospects, are rumored to be headed to San Diego. The White Sox won't lose shortstop Gordon Beckham, who is their best prospect.

The White Sox may have to exercise Peavy's 2013 option for $22 million for him to approve the trade. Early reports have them not willing to do this.

Some quick thoughts:

• Having Peavy solidifies the White Sox's rotation and raises their profile in the American League Central. After today's 20-1 loss to the Twins, Chicago is 6.5 games out of first, but Peavy gives the White Sox a true ace. Their pitching could use this boost greatly. If this deal goes through, it would be difficult to argue the White Sox aren't the favorite in the division.
• The Padres are showing how desperate they are for salary relief. The club was recently sold and is being rebuilt. Adding Poreda and Richards would give them a huge boost in terms of young pitching, but San Diego should've worked harder to obtain Beckham as the centerpiece of this deal. Watch for Adrian Gonzalez, the co-leader in National League home runs with 15, to be dealt next. His bat could definitely help a contender this season. (Too bad the Padres exercised during the offseason Brian Giles' $9 million option that now looks atrocious.)

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