REDS finished 12th of 16 NL teams in attendance this season.
With a 3-0 shutout in the NL Playoffs, there's no reason to believe that attendance will improve in 2011.
There's certainly a negative on the field and in the Offense if BP is not retained.
But, there's many options that can be explored. I don't think it's a given that Phillips will be playing all year for the REDS.
Walt could choose to get one more year out of Phillips at the cost of $10.56M and let Valaika spend his 3rd season at Louisville while Cody Puckett spends a full season at Carolina, or until Puckett pushes for Valaika's job at Louisville. That also gives Walt another season to see if Billy Hamilton gets on some sort of fast-track to the bigs. Unlikely since he spent his whole season at Billings last year. It's more likely that he doesn't reach Lynchburg until 2012 and the Majors until 2013.