A report has come out that the Reds will announce the trade this afternoon that nets Sean Marshall of the Cubs for lhp Travis Wood, Dave Sappelt, and 19-yr-old infield prospect Ronald Torreyes.

According to ESPN.com’s Keith Law, the prospects involved are Dave Sappelt and Ronald Torreyes. Sappelt, a 24-year-old outfielder, made a 38-game Major League debut with the Reds last season, and Torreyes is a 19-year-old infielder who spent 2011 at Class A Dayton.

I wasn’t completely convinced that a Travis Wood for Sean Marshall swap was fair to the Reds. This trade comes straight from the Wayne Krivsky self-help book on how to significantly overpay for relievers.

We can hope that either this early report isn’t true or that there is some additional information missing. However, even an extension of Marshall wouldn’t make up for the package being sent to Chicago.

UPDATE The Reds have made the announcement official. This is a done deal, as outlined above. There’s no mention of an extension, or that the Cubs are picking up any of Marshall’s salary in the announcement.