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Matt Morris will be a Red or a Giant next season

From Ken Rosenthal:

Free-agent right-hander Matt Morris has narrowed his choice to two teams. One is the Giants, a team that has pursued him aggressively from the moment the bidding started. The other is believed to be the Reds, a late and surprising entry in the process.

Morris, 31, could make his decision as early as Sunday, and is likely to receive a three-year deal worth in the $25 million range. He will not return to the Cardinals, whose offer was not competitive with those of the other bidders.

The Reds' interest has been spurred by their new ownership group, which is awaiting the approval of Major League Baseball. The group includes three minority owners of the Cardinals, Morris' team since 1997.

It looks like we're slowly becoming the 2004 Cardinals.  How long until Reggie Sanders comes back?

Update: Reds are now out of the running apparently:

The Cardinals, Reds and Nationals have been informed that they are out, has learned.