From Ken Rosenthal:
Here's how the Reds can trade beleaguered left-hander Eric Milton: By offering to pay half of his remaining salary to a team that plays in a pitcher-friendly park. The Nationals, Giants or Tigers might be willing to take a chance on Milton if they were paying him $4.25 million per season instead of $8.5 million. ...
Never happen. That would require DanO to admit that he made a colossal error in judgement when he signed Milton, and he's proven incapable of admitting error.
It'd be a smart move to get rid of him if possible (Steve Kelly surely couldn't do any worse), but I just can't see it happening.