Acquired LHP Jalen Beeks from Colorado Rockies for LHP Luis Peralta.

Contract Value Index (CVI)

# Jalen Beeks Trade: B- Contract Value Index Pittsburgh's mid-stretch acquisition of left-hander Jalen Beeks from Colorado in exchange for Luis Peralta earns a B- Contract Value Index (CVI)—a fair-value swap that improves the Pirates' pitching depth without tilting the ledger in either team's favor. Because this is a direct player-for-player trade with no cash considerations, the value hinges entirely on the relative cost-control and production profiles of each arm: Beeks arrives as a relief piece with established MLB experience, while Peralta departs as a prospect or depth option, meaning Pittsburgh is banking on Beeks' immediate availability and performance in a chase for postseason positioning. Without known salary details, the calculus rests on what each pitcher delivers per inning—if Beeks performs as a reliable bullpen contributor down the stretch, the Pirates extract solid value by plugging a rotation or relief need without absorbing a premium contract; conversely, if he underperforms in high-leverage September spots, the trade becomes neutral or regrettable. The B- verdict reflects that this is a prudent, measured upgrade move—smart roster management for a team sitting at .510 with 81 days left in the regular season—but not a transformational value haul or steal. For a contender clinging to the eighth seed, a dependable left-hander at no incremental salary cost represents fair-value insurance; the risk is minimal, the upside is capped to "useful depth," and that's exactly what the grade says.