Braves, Reds have agreement in place on Brandon Phillips, per report (Updated)

No official announcement yet, but it appears that the Atlanta Braves and Cincinnati Reds have agreed in principle to a deal that would send second baseman Brandon Phillips to Atlanta. ESPN.com’s Buster Olney reports that the deal is done and that both sides are just following up on details before an official announcement.

The Atlanta Journal-Constitution’s David O’Brien reports that Cincinnati is eating most of Phillips salary in the deal and that the Braves aren’t giving up much in the deal.

The Braves pursued Phillips earlier this offseason and had a deal in place that Phillips blocked due to a no trade clause. Atlanta revived trade talks after Sean Rodriguez and his family were involved in a car crash last month. Rodriguez was hurt more in that crash than was initially reported and he is expected to undergo shoulder surgery next week that will keep him out for an estimated 3-5 months.

The Braves reportedly enticed Phillips into accepting the trade this time around by making some “small changes” to his contract.

All indications are that an announcement could come sometime on Sunday so stay tuned.

UPDATE

It looks like one of those small changes to Phillips contract is a no-trade clause.

UPDATE

Potential return for the Reds: