What happened: Peavy cleared waivers at 5 p.m. ET after Memphis cut both him and Walter Clayton Jr. on Oct. 19 to reach the 15-player standard contract limit, per @TheSteinLine. He now joins Dalton Knecht and Sean Pedulla under consideration for Sacramento's open two-way contract, per @JakeLFischer on a Bleacher Report stream.

Why it matters: Clearing waivers makes Peavy an unrestricted free agent eligible to sign a two-way or standard deal immediately as the 2026-27 regular season gets underway. Knecht and Pedulla both reached free agency after being waived on Oct. 19, creating a three-player competition of final roster cuts for a single developmental slot in Sacramento.

What to watch: Sacramento will evaluate Peavy, Knecht, and Pedulla for its open two-way spot while Clayton Jr. also enters unrestricted free agency after going unclaimed.