Bailey-Dye Trade Report Shot Down

9:06pm: Ken Williams speaks.  No Dye trade, but plenty of interest.

6:26pm: Dusty Baker spoke about the Dye trade talks today, saying he thought they were "kind of off because of economics and because everybody wants your young players."

MONDAY, 4:24pm: McCoy talks more about the rumor he originated.  He said a reliable White Sox insider told him the Dye deal was in place and wonders if Ken Williams changed his mind.

SUNDAY, 10:06pm: Walt Jocketty on the report: "Wrong. It’s not even close."  The Reds haven’t had talks with the Sox since before Thanksgiving.

9:32pm: ESPN’s Jerry Crasnick adds that Dye and his agent "haven’t heard a word" about a trade.  Reds assistant GM Bob Miller rejected the report, adding, "We haven’t talked to White Sox since we got here."

8:51pm: Mark Gonzales of the Chicago Tribune says "a source familiar with the talks" rejected the report below.  The Sox want more than just Bailey.  Gonzales’ source adds that talks with the Mets for Bobby Jenks fell apart over Omar Minaya’s unwillingness to include Bobby Parnell.

7:46pm: According to Hal McCoy of the Dayton Daily News, a Major League source told him a Homer Bailey for Jermaine Dye trade "is done and will be announced this week."

It’d essentially be six years of Bailey for one of Dye (plus possible draft pick compensation), as Dye has a mutual option for 2010 at $12MM.  Those almost never get fully exercised – if one side wants it, the other doesn’t.  It would be interesting to see what the White Sox could do with Bailey given their recent success developing young pitchers.