Fake trade: James Shields to Cincinnati for Yonder Alonso

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(The following is not a done deal or even a valid rumor and should not be treated as such.)

Reds acquire RHP James Shields and RHP Kyle Farnsworth from the Rays for first baseman Yonder Alonso and catcher Yasmani Grandal.

Courtesy of Yahoo’s Tim Brown comes the rumor that the Reds have started shopping top prospect Yonder Alonso in their hunt for a closer or a No. 2 starter. He lists Tampa Bay as one of the teams that GM Walt Jocketty has talked to.

The Rays have six major league starters. Neither Wade Davis nor Jeff Niemann is worth Alonso alone, while Matt Moore, David Price, Jeremy Hellickson and Shields all appear to be too valuable to trade straight up for Alonso. That’s where Grandal comes in. The 2010 first-round pick is one of the game’s top five catching prospects, but he has an even better young catcher ahead of him in Devin Mesoraco. The Reds still aren’t going to be in any hurry to give him up, but it would make some sense to part with both of their blocked youngsters for a big-time starter like Shields.

Why it works for the Rays: Moore could very well turn into one of the AL’s best starters next year, giving Tampa Bay one of the game’s top rotations even without Shields in the fold. Alonso immediately steps into the vacancy at first base left by Casey Kotchman’s departure. He probably won’t turn into an All-Star at such a loaded position, but he shouldn’t be too far off with his strong bat. Grandal isn’t quite ready yet, but he’ll likely be ready to overtake John Jaso in 2013.

I have the Rays giving up Farnsworth, too. While he was an excellent closer last season, it’s hardly a given that he’ll keep it up and the Rays should be able to replace him easily in a deep relief market.

Why it works for the Reds: It’s painful giving up 12 years of Alonso and Grandal for three of Shields and one of Farnsworth, but they don’t have a lot of use for either youngster right now and it’d be quite a blow to trade one of the game’s best players in Votto to make room for Alonso. The trade certainly has the potential to make the Reds a whole lot better if Shields and Farnsworth come close to duplicating their 2011 success. Also, the money isn’t bad at all. The Reds would get their ace and their closer for a combined $10.8 million in 2012, which should still leave them with some financial flexibility going forward. Shields’ contract is also reasonable beyond that: there are team options worth $9 million-$10 million for 2013 and $12 million-$14 million in 2014.

Why it won’t happen: One factor the Reds would have to be awfully nervous about: while Shields and Farnsworth combined for a 2.70 ERA in 307 innings last season, they came in at 4.74 in 268 innings during 2010. The Reds might want to hold out for Shields for Alonso straight up.

Giancarlo Stanton will defend his Home Run Derby title

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The Marlins announced on Sunday that outfielder Giancarlo Stanton will defend his Home Run Derby title when the city of Miami host’s the All-Star Game festivities next month.

Stanton, 27, defeated Todd Frazier in the finals of last year’s Home Run Derby at Petco Park, hitting 20 home runs to Frazier’s 13. Stanton hit a total of 61 home runs in the Derby. This will be the third Home Run Derby in which Stanton has participated.

Stanton also went 1-for-3 with a solo home run to help the Marlins defeat the Cubs 4-2 on Sunday. He’s now batting .274/.357/.551 with 20 home runs and 49 RBI in 311 plate appearances.

Aaron Hicks to go on the disabled list with an oblique injury

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Yankees outfielder Aaron Hicks left Sunday’s game against the Rangers after four innings due to soreness in his right oblique. After the game, Hicks said he expects to go on the 10-day disabled list and miss the next three to four weeks, MLB.com’s Bryan Hoch reports.

Hicks was 1-for-2 with a single before departing on Sunday. He entered the game batting .288/.397/.515 with 10 home runs and 37 RBI in 198 plate appearances. It is by far the best season of his career.

Jacoby Ellsbury is on his way back from a concussion, so the Yankees will only have to bridge the gap in center field for a week or two. Mason Williams could draw some starts in center field in the meantime.