Reds Pursuing Roy Oswalt (Still)

The Cincinnati Reds are still pursuing Roy Oswalt, according to Ken Rosenthal.

Rosenthal's report follows speculation that the Texas Rangers were unlikely to sign Oswalt unless/until they move someone, as well as rumors that talks with the Cardinals had stalled. Rosenthal also echoes a report from John Fay earlier today in which Fay speculates that Homer Bailey would be a likely trade target moved to make financial room for Oswalt:

• Reds still pursuing Oswalt - Ken Rosenthal
  "The team would need to clear payroll to sign Oswalt, who is believed to be seeking $8 million to $10 million on a one-year deal. Right-hander Homer Bailey, earning $2.425 million in 2012, would be the most likely candidate to be moved, sources say."

Jocketty: Nothing new on Oswalt - John Fay | Cincinnati Reds
But the Reds are at or very close to budget. That would probably mean moving payroll to fit Oswalt into the budget. "We’d have to do something," Jocketty said. "It would be tough."

Right now, the Reds’ rotation lines up as Johnny Cueto, Mat Latos, Bronson Arroyo, Mike Leake and Homer Bailey — with Aroldis Chapman in the sixth slot. Bailey is the only one of the six who is a) tradeable and b) making much money ($2.425 million). He is also out of options.

• Rangers Unlikely To Sign Roy Oswalt - MLB Daily Dish
  The 34-year-old is taking his time to do so, because he wants to be a starting pitcher for either the Texas Rangers or St. Louis Cardinals. At the same time, the veteran pitcher also wants a one-year, $10 million deal. The money isn't there, obviously, and according to Jeff Wilson of the Fort Worth Star-Telegram, the market may not be either.
• St. Louis Cardinals, Roy Oswalt At An Impasse? - MLB Daily Dish
  Ken Rosenthal from FOX Sports says that the St. Louis Cardinals have not made Roy Oswalt an offer he finds sufficient yet, and that he wants at least one year and $10 million. He adds that Oswalt has little leverage, with the two teams with the most interest having full rotations. This is where the Boston Red Sox could be a dark horse for him.
• Red Sox Rumors: Still in on Roy Oswalt, Edwin Jackson - MLB Daily Dish
  We heard earlier today that the Red Sox are likely out of the picture on Jackson, and we knew that Oswalt doesn't want to pitch in Fenway this season...but now we're seeing (courtesy of Alex Speier, WEEI) that no, the Red Sox are still involved. On both.