Yeah I heard that too. That would be a horrible trade. Reed is a sub-par player and not worth a straight up trade for Arroyo. Even though Arroyo didn't have a good season last year, he still has the stuff.
And Damon a Yankee? I don't even know what to say about it. It sucks, yes. Seeing him in pinstripes? Going to be really sucky.
But the fact WE lost a great lead off hitter really sucks. I still had some hope he would be re-signed. That is what you get for having Scott Boras as your agent.