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I don't recall the Reds saying anything definitive on the matter, but I'll take your word it as I was paying next to no attention to these things for a few months.
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Thank you for the vote of confidence in me, but here's the definitive statement.
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Reds' payroll, prices going up
By Marc Lancaster
Post staff reporter
Trying his best to mine the good news from an inherently unpleasant public-relations situation, John Allen said Wednesday the Reds' payroll will increase for 2005.
The club's chief operating officer wouldn't say how much the budget for player salaries might rise, but he did say it was one of the reasons behind a significant bump in single-game ticket prices for next season.
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http://www.cincypost.com/2004/11/11/reds11-11-2004.html