Reds could trade Homer Bailey to create payroll space

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The Reds’ rotation appears to be set, but John Fay of the Cincinnati Enquirer suggests the team could trade Homer Bailey to create room in the payroll for one more free agent signing. Fay does mention that the Reds wouldn’t sign a free agent like Nelson Cruz or Stephen Drew.

Bailey, 27, is eligible for arbitration for the final time going into the 2014 season. He will get a raise over last season’s $5.35 million salary, especially since he had the best season of his career (3.49 ERA in 209 innings) and threw a no-hitter. Fay writes that it makes sense for the Reds to move Bailey if they don’t think they can sign him to a contract extension.

If the Reds do trade Bailey, they could reunite with starter Bronson Arroyo, whose market hasn’t been nearly as strong as anticipated as he remains available in the free agent market.

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.