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Jake Peavy Net Worth, Biography & Wiki 2017
Jacob Edward Peavy was born on 31 May 1981, in Mobile, Alabama USA, to Debbie and Donny Peavy. He is a professional baseball player, best known as a pitcher for the San Diego Padres, Chicago White Sox, Boston Red Sox and San Francisco Giants in Major League Baseball (MLB).
A valuable pitcher, how wealthy is Jake Peavy? Sources state that Peavy has gathered a net worth of over $48 million, as of early 2017, acquired during his baseball career which really began in 2002. His assets include a 5,000-acre ranch in Wilcox County, Alabama, which has a bowling alley, hunting lodge, saloon as well as replica of Fenway Park, Boston.
Jake Peavy Net Worth $48 million
Peavy grew up in Mobile, where he attended St. Paul’s Episcopal School. He played for the school’s baseball team, becoming an avid pitcher and leading the team to the state championship in his senior year. Although he was set to enroll at Auburn University, the San Diego Padres drafted him out of high school, in the 15th round as the 472nd overall pick in the 1999 MLB draft. He went on to play for the Arizona League Padres and the Idaho Falls Braves in 1999 and then joined the Fort Wayne Wizards for the following season. In 2001 he pitched for the Lake Elsinore Storm and the Mobile Bay Bears. The year 2002 saw him playing for the Bay Bears, and then the San Diego Padres. Paving his way to recognition and fame, Peavy’s net worth began to grow.
After a rocky start with the Padres, he became the team’s starting pitcher in his third season, scoring a 15–6 record, with 173 strike-outs in 166 innings, and leading the MLB with a 2.27 ERA as the youngest pitcher to win an ERA title since 1985. His popularity was boosted, and Peavy went on to sign a four-year, $14.5 million deal in 2005, which greatly added to his wealth. That season also saw him in the National League All-Star team, leading in strikeouts with 216, being second in the majors. He led his team to win the 2005 National League West Championship. Although his performance declined in 2006 due to multiple injuries, he still finished second in strikeouts with 215.
Peavy was again named the starting pitcher for the NL All-Star Team in 2007. He led the League with 19 wins, 240 strikeouts and a 2.54 ERA, earning the pitching Triple Crown of Players Choice Award for Outstanding NL Pitcher and the Cy Young Award, cementing his reputation of a valuable pitcher. Later that year the Padres signed him to a four-year, $52 million contract extension, including a $22 million option for 2013, which was the largest contract in the team’s history at that time. Peavy’s fortune significantly increased. However, after a weaker performance in 2008, he began to consider trading to another team, and the following year he was traded to the Chicago White Sox, but in 2010 he suffered a back injury which limited his play in both the 2010 and 2011 seasons, but after an impressive performance in 2012, Peavy was selected to the All-Star Game, receiving an American League Gold Glove Award.
Later that year he signed a two-year, $29 million extension, including a vesting option for 2015, considerably improving his wealth. However, a year later Peavy was traded to the Boston Red Sox and went on to win his first World Series with the team in 2013, but was then traded to the San Francisco Giants, so winning his second World Series later that year, becoming the first starting pitcher ever to win the World Series consecutively with two teams in two leagues. The Giants then signed him to a two-year, $24 million contract, greatly increasing his net worth, but Peavy is currently a free agent.
In his personal life, Peavy has been married to Katie Alford since 2000. They have four children together and the family is based in Semmes, Alabama.