2:39pm: Rosenthal says an agreement has been reached to send Hernandez to Cincy for Freel and two prospects. The Orioles are sending over $1MM, so the deal requires approval of the commissioner's office. I can see how this might work out for both clubs; each player had worn out his welcome.
By the way, Tom Haudricourt rejects the idea that the Brewers were interested.
1:56pm: John Perrotto believes a Hernandez for Freel deal will be announced today.
TUESDAY, 12:30pm: Seems that a deal for Hernandez is close, though Roch Kubatko says the Brewers jumped into the mix. Kubatko still thinks Hernandez will be traded to the Reds.
MONDAY, 9:37pm: Walt Jocketty slyly lifted his eyebrows when asked about this rumor, according to MLB.com's Mark Sheldon.
7:11pm: Rosenthal says the Reds would also kick in a prospect in this deal, but want the O's to pay a significant portion of Hernandez's salary.
6:01pm: John Fay of the Cincy Enquirer says he's heard the Hernandez for Freel rumor from both sides.
12:21pm: According to Roch Kubatko of MASN Online, one of the teams interested in catcher Ramon Hernandez would like to swap contracts. The team would send the Orioles a utility guy who can play the infield and outfield.
Kubatko goes on to note that the Reds and Astros are looking for catching. Connecting the dots, Kubatko may have been talking about Ryan Freel above. Hernandez has $9MM left on his contract, while Freel has $4MM.
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