According to ESPN’s Buster Olney:
The asking price for Xavier Nady is considered to be extraordinarily high right now, and rival executives have a sense that the Pirates are not going to lower their demands for the corner outfielder before the trade deadline. Nady will be arbitration-eligible this winter.
Nady, 29, is hitting .321/.377/.525 in 337 plate appearances this year despite multiple nagging injuries. Nady is under team control through ’09; he’ll go through the arbitration process one more time and could earn $6MM or more next year. That’s valuable – the free agent market for right fielders is weak.
Dejan Kovacevic of the Pittsburgh Post-Gazette says the Yankees, Mets, Rays, and Braves have at least some interest in Nady. He’s still more likely to be dealt than Jason Bay.