Re: Trade Idea- Freel for Ramon Hernandez?
3:28 p.m. — Reds, O's agree on trade
The Reds have reached preliminary agreement with the Orioles on a trade that will send catcher Ramon Hernandez to Cincinnati for outfielder Ryan Freel and two prospects, according to a major-league source.
The deal is pending the approval of the commissioner's office, because it involves a cash transaction of more than $1 million.
On Monday, major-league sources said the deal would not be completed unless the Orioles picked up a significant portion of Hernandez's remaining salary.
Hernandez is owed $8 million in 2009 with a club option of $8.5 million or a $1 million buyout for 2010, meaning he is guaranteed $9 million.