The Brandon Phillips trade is at a standstill

AP Photo/John Minchillo

On Thursday night, it was announced that the Reds and Nationals had agreed on a trade that would send second baseman Brandon Phillips to the nation’s capital pending his waiving of his no-trade clause. That trade is now in a standstill and could fizzle out if the Reds don’t change their demands, ESPN’s Jim Bowden reports.

The Reds were expected to get a pair of minor league players in return. Phillips, however, is seeking fair compensation in order to waive his 10-and-5 rights. A player earns 10-and-5 rights — essentially a no-trade clause — when he has spent 10 years in the league, the most recent five of which have been with the same team.

Phillips, a three-time All-Star and four-time Gold Glove winner, is entering the fifth year of his six-year, $72.5 contract. He is owed $27 million over the remaining two years. The 34-year-old veteran hit .294/.328/.395 with 12 home runs, 70 RBI, 69 runs scored, and 23 stolen bases in 623 plate appearances last season.