THURSDAY, 8:06am: MLB.com's Corey Brock has a source saying a Dye deal is "low on likelihood" for the Padres. More likely would be Randy Winn or Jerry Hairston Jr., to whom the Padres have made offers. Another mild possibility for Dye is the Cubs. The Chicago Tribune's Paul Sullivan says they're looking at him for a platoon/backup/DH role.
WEDNESDAY, 11:02am: The Padres are showing interest in free agent outfielder Jermaine Dye, according to Jon Paul Morosi of FOX Sports. However, Morosi believes the Padres would have to trade a veteran to be able to afford him. He names Heath Bell and Kevin Kouzmanoff as trade candidates.
Dye isn't a great fit for a National League club, given his outfield defense. And he's not the type of free agent you make other moves to accomodate. Given the limited interest, I can't see him getting much more than $3MM.