It's just Pants
Actually, if it were just signing Cruz to a one-year deal to rehab his post-PEDs rep, it might happen (actually, it already would have and some other team would have done it).
Can't see the Reds giving up their first pick (especially since it could be mid-teens and close to a protected pick come the 2015 draft).
I'd just as soon hope Ludwick will bounce back for less and keep the pick. I'd still like to see them offer a deal to Tampa Bay of Matt Joyce or some other team for a LH-bat to semi-platoon with Ryan.