Originally Posted by Caveat Emperor
Walt's in a fascinating game here where Alonso is his best chip against Votto (if they don't work out a deal with Votto, they can go year-to-year and then ship him someplace next year and install Alonso at first), but Votto is also the best chip Walt has against other team's for Alonso (as long as a deal ISN'T in place, Alonso still has perceived value to the club).
Once Votto signs, Alonso's value tanks -- but once Alonso is dealt, Votto's asking price probably increases.
That only works if you've got one bidder. If multiple teams are interested, it won't matter that much how desperate the Reds are to make a move, they're bidding against each other.