From Hal McCoy:

http://www.daytondailynews.com/s/content/oh/story/sports/pro/reds/2008/12/07/ddn120808spredsweb.html

With baseball's annual winter meetings unfurling this week at the Bellagio in Las Vegas, rumors run rampant.

A noteworthy one involving the Cincinnati Reds is making the rounds — pitcher Homer Bailey for Chicago White Sox outfielder Jermaine Dye.

A major-league source close to the situation told The Dayton Daily News on Sunday, Dec. 7, "The deal is done and will be announced this week."

I'm not sure how I feel about it. The Reds haven't been happy with Bailey, but I'm usually  not a fan of giving up on young, cheap pitching.

That said, I do think Dye will make a nice addition to the lineup for a year or two. He could hit 40 bombs in GABP next season.