Cubs, Peavy might still be possible

Jim Hendry made it clear in a Tuesday conference call that he's not done looking for starting pitching. The obvious question - is Hendry still working to acquire San Diego dynamo Jake Peavy?

The biggest payroll obstacle in taking on the $63 million Peavy is guaranteed for the life of his contract remains the Cubs' 2010 projections. None of the payroll-clearing deals of the last week did anything for 2010, and that means the flexibility to add Peavy probably doesn't exist without a nod from the team's new ownership group.

Selection of a winning bid for the club is said to be close -- perhaps by the end of next week -- and that might be just in time for the Cubs' front office to make a deal before spring training.

Also, the Cubs acquired three well-regarded pitching prospects from the Cleveland Indians in the Mark DeRosa trade last week, giving them deeper reserves of young talent to help pull off a trade.

But the biggest impediment to a deal might be the Padres' willingness to trade their ace, considering their own potential sale to Jeff Moorad's group of investors. Under financial pressures related to a divorce, the Padres' owners had ordered payroll cuts that led to aggressive shopping of Peavy. Some have speculated Moorad won't want to trade one of the team's most valuable commodities.

If Hendry can't land Peavy, plenty of free-agent pitchers remain on the market, although Derek Lowe is pricing himself beyond reason. Productive innings-eaters such as Braden Looper and Tim Redding more likely would fit the Cubs' needs.

On the conference call, Hendry did not indicate that ownership would allow him to spend more money, but he did say the Cubs are no longer positioning themselves against teams in their division. Hendry said the team is aiming higher than that these days. He might be asking for the extra money. Looper, Redding, et al just won't cut it in Chicago these days.