Padres sign Jake Peavy to five-year contract

San Diego, CA – The San Diego Padres announced today that the club has signed right-handed pitcher Jake Peavy to a five-year contract through the 2012 season with a club option for 2013.

The 26-year-old Peavy was a unanimous selection for the 2007 National League Cy Young Award, becoming the fourth San Diego hurler in franchise history to garner the honor. He paced the senior circuit with 19 wins, a 2.54 ERA (63 ER/223.1 IP) and 240 strikeouts, joining Randy Johnson (2002) as the only pitchers in the last 22 years to lead the National League in wins, ERA and strikeouts in the same season. Peavy's ERA and strikeout total also led all Major League pitchers in 2007, while he finished second in the Majors with a .208 opponent batting average behind teammate Chris Young (.192). Additionally, the right-hander established career highs in wins, starts (34), innings pitched and strikeouts, while his six losses tied a career low.

Peavy earned three National League Pitcher of the Month honors during the 2007 campaign, receiving the distinction in May, August and September. A two-time National League All-Star (2005, 2007), Peavy was named the National League's starting pitcher at the 2007 Midsummer Classic in San Francisco. His 240 strikeouts in 2007 rank second on the Padres all-time single-season list (Kevin Brown, 257 in 1998) and he tallied a Major League-best nine games with at least 10 strikeouts. Peavy tied his own club record with 16 strikeouts on April 25 at Arizona, fanning nine consecutive batters in that game to set a Padres record and fall one short of Tom Seaver's Major League mark (April 22, 1970 vs. San Diego).

Originally signed by San Diego as a 15th-round selection in the 1999 First-Year Player Draft, Peavy has a career 76-51 record with a 3.31 ERA (400 ER/1087.1 IP) in 172 starts over six Major League seasons with the Padres (2002-07). The Padres all-time leader with 1,090 strikeouts, Peavy also ranks fourth among franchise leaders in wins and first with 24 games recording 10 or more strikeouts. He is the only pitcher in club history to lead the league in strikeouts (2005, 2007) and ERA (2004, 2007) in more than one season. Peavy has tossed at least 200.0 innings, made 30 starts and recorded 200 strikeouts in each of the last three seasons, leading all National League hurlers with 671 strikeouts since the beginning of 2005.

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