BOSTON (CBS) – The Boston Red Sox have traded pitcher Jake Peavy to the San Francisco Giants in exchange for two prospects, according to CBS Sports’ Jon Heyman.

Peavy, 33, has pitched better this season than his numbers indicated. He is 1-9 with a 4.72 ERA, and he’s struck out 100 batters while walking 46. Last season with Boston, he went 4-1 with a 4.04 ERA in 10 starts before posting a 7.11 ERA in three postseason starts.

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The MLB veteran of 13 seasons with the Padres, White Sox and Red Sox is in the final year of his two-year, $29 million deal.

In exchange, the Sox will get Edwin Escobar and Heath Hembree.

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The league still needs to approve the deal.

The Red Sox enter Saturday night alone in last place in the AL East with a 47-56 record. San Francisco sits in first place in the NL West.

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