The White Sox, Angels and Diamondbacks are discussing a three-team trade that would send Jake Peavy to Arizona and Ian Kennedy to Anaheim, according to ESPN's Jerry Crasnick (on Twitter). The Diamondbacks reportedly emerged as the front-runners for Peavy earlier today, and the Angels have been connected to Kennedy as well. Crasnick notes that it's not clear what Chicago would receive in the trade at this time.

Peavy is earning $14.5MM in 2013 and 2014, while Kennedy has about $1.4MM remaining on this year's $4.27MM salary and is controllable through 2015 via arbitration. The D'Backs have been prioritizing pitching help, reportedly kicking the tires on Bud Norris in addition to Peavy. The Angels, meanwhile, view Kennedy as a buy-low candidate that they can control for multiple years, according to reports from earlier today. The White Sox scratched Peavy from his scheduled start tonight earlier today in order to eliminate the risk of an injury that would take a trade off the table.