So I've been trying to find some confirmation that with the Orioles coming to Sarasota, that they would take over Sarasota Reds and Reds would flip franchises and end up as Frederick (Md.) Keys.

Instead I found a different take in this article

which includes the quote: "Although the summers likely will be quiet, since the Reds' FSL team will be relocated, likely to Bradenton as an affiliate of the Pittsburgh Pirates."

So, Sarasota become Bradenton Pirates (next season) which would mean Reds would flip franchises and become the Lynchburg (VA) Hillcats.

At least for one season. Teams can change affiliations after 2010