According to Ken Rosenthal, the Padres and Jake Peavy are closing in on a three year extension worth 17 million dollars annually that will keep him locked up until 2013. "We're moving closer," Peavy's agent, Barry Axelrod, told FOXSports.com. This is a great move on the Padres part. This money is well earned and Peavy is young and capable of being a solid pitcher for the next decade.