Like fellow pitcher David Price, Homer Bailey has seen his name come up in trade rumors this offseason because of his climbing salary and upcoming free agency.
The Reds would like to sign the right-hander to a long-term extension before he hits the open market next winter, as MLB.com's Mark Sheldon writes, but general manager Walt Jocketty acknowledged that Bailey's asking price will make that difficult.
In other news from around the league on Monday:
Sheldon also examines the remaining group of free-agent center fielders and reports that the Reds have not reached out to Nyjer Morgan, who played in Japan last season.
MLB.com Yankees beat writer Bryan Hoch tackles several fan questions in his latest Inbox, including the club's options at third base and closer.
Veteran left-hander Johan Santana, who is coming off shoulder surgery, could be headed toward a reunion with the Twins.
Brewers general manager Doug Melvin explained why his team is having one of the more quiet offseasons in the Majors.
MLB.com's Anthony DiComo takes a look at the Mets' biggest areas of need with Spring Training approaching quickly.
The Orioles have interest in free-agent righty Bronson Arroyo, according to ESPN's Buster Olney.
Olney also reports that free-agent lefty Chris Capuano is willing to be patient as he looks for a two-year contract.
The Mariners are considering making more additions this offseason, reports Ken Rosenthal of FOX Sports and MLB Network. But the front office will need to persuade ownership in order to snag the likes of Price, Masahiro Tanaka or Nelson Cruz.
The Indians added depth to their roster, signing veterans Scott Atchison and Jeff Francoeur to Minor League deals that will allow them to compete for spots in the bullpen and on the bench, respectively.
Two catchers signed Minor League deals, with Taylor Teagarden going to the Mets and Humberto Quintero going to the Mariners.
Also, outfielder Chris Dickerson signed a Minor League deal with the Pirates.
Andrew Simon is a reporter for MLB.com. Follow him on Twitter @HitTheCutoff.