Now or in the next 12 months? (Obviously there's not a whole lot left to do at the moment)
THIS OFFSEASON
1. Extend Latos
2. Extend Bailey
NEXT OFFSEASON (general theme is to trade Ryan Ludwick and upgrade LF)
3. Give Choo a qualifying offer (that he likely turns down resulting in a draft pick for the Reds). If he accepts, immediately trade Ludwick to offset the salary.
4. If Latos and Bailey are extended, package 3 of Cingrani/Corcino/Leake/Travieso, Ludwick and the hitting prospect of their choice for Giancarlo Stanton.
5. If they can't get Stanton, package 2 of the above named pitchers + one of our 3B prospects (H-Rod, Vidal, Mejias-Brean, Rahier or Rosa) + Ludwick for Justin Upton.
(#4 and #5 obviously assume neither Stanton nor Upton is dealt in the next 9 months)