I was thinking today that the Reds may trade Dunn when Bruce is ready.
I am thinking Bruce will be ready sometime this year.
Dunn ( and Griffey ) are poor defensive players and if Krivsky and Jocketty want to build a team like the Twins or Cards then Dunn doesn't fit. Assuming the Reds want a decent defensive outfield then Bruce-CF-Griffey(or Dunn) beats Dunn-Bruce-Griffey.
So either Dunn or Griffey is likely IMO to go when Bruce is ready.
If Griffey plays decently this year I think the Reds will pay him the $16M for 2009 rather than the $4M buyout. $4M is a lot of money for zero production and the PR hit would also be bad.
Assuming Griffey plays decently this year and refuses any trade to the AL then the Reds choices would be:
A. Trade Dunn & replace him with Bruce this year
B. Let Dunn walk & replace him with Bruce at the start of 2009
C. Go with the really bad defensive outfield of Dunn-Bruce-Griffey for the rest of 2008 and all of 2009.
D. Eat $4M and let Griffey walk then replace him with Bruce at the start of 2009.