Conventional wisdom is that the Reds will add a closer and a left fielder. Maybe a smaller trade for Seth Smith of the Rockies, who should be on the market. Maybe Coco gets re-signed now at a much lower salary. Maybe even Madson. Somehow, I think Beltran will cost too much money and presents a potential injury problem, but he still is a heck of a good ballplayer.
Didn't somebody say today that Walt still isn't finished with the pitching staff? I wonder if this means that the Reds will go after still another starter. How about a trade for Gio Gonzalez including Homer Bailey. Reds still have guys like Billy Hamilton, Naftali Soto, Dan Corcino, and Yorman Rodriguez who might interest a club like the A's. Also Heisey and Sappelt could be valuable chips.
The beauty of the Latos deal IMO is that the Reds acquired an excellent starting pitcher without taking on major salary, for this year and the next couple of years. This should enable Walt to keep dealing.
For the first time in a long while, I'll be seriously watching the "trade rumors" sites to see what the Reds are up to. They could be quite active during the next weeks.