That's why I'd say Bruce needs to be untouchable. He and Phillips are probably the two key players on the squad moving forward, even if Dunn stays. Encarnacion, Hamilton and Votto make a nice supporting cast, but the Reds can part with one for the right arm.
I'd deal one of Bailey or Cueto, not both. It's a little easier to move a pitching prospect for a present pitcher because now you've got the job filled. Maybe it becomes a hole a little sooner because the vet leaves, but then again maybe the kid never would have filled the hole in the first place.
It's a balancing act. You can't keep everyone and realistically expect to win in 2008. You probably can't even keep everybody and realistically expect to win in the future. The future usually isn't perfect. At some point you have to add people and it can cost money and talent to do it. It's called a trade for a reason. A GM has to determine what he can afford to give up.
That's where Krivsky's at right now. He got to land a starter. Really he needs to land two, but one can be a sleeper. He's got no choice. His job probably hinges on it. It can be done without completely spiking the future, even if it's not a simple procedure.