It appears that Jake Peavy is going to be the Johan Santana of 2009. The Yankees have already contacted the Padres about acquiring Peavy, and the talks have been described as preliminary. The Yankees definitely have the players to get Peavy, but they would probably have to part with both Robinson Cano and Phil Hughes, among other top prospects to land him. Aside from Peavy being an ace in any rotation, he is locked up at a relatively low price through 2012. Don't expect any trade for a while, probably not till the Winter Meetings, but every team on Peavy's list will likely contact the Padres.
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