www.mlbtraderumors.com
At worst, he may get 4-year/$64 MM? That still sounds outrageous to me considering his age and expected production. Furthermore, AJ Burnett is only listening to offers of five years or more.
If you ask me, this can only help a guy like Bronson Arroyo's trade value (or value to the Reds.) In my mind, Arroyo compares favorably with those two, yet is considerably cheaper and bears much less risk. I might take a flyer on a guy like Brad Penny or Mark Mulder (if they're willing to sign incentive-laden contracts), and shop Arroyo once Penny and Burnett are off the market. I would think in this current state, he might be able to fetch the Reds exactly what they need- a Yunel Escobar or a Max Ramirez/Elvis Andrus combination.
Additionally, I believe these numbers make Jake Peavy all that much more attractive. I still think the Reds should insert themselves into those negotiations, if not as an acceptable destination for Peavy than at least as a means to obtain Escobar. Surely he could be had without giving up any of Walt's untouchables.