The Los Angeles Dodgers and Cincinnati Reds have made a blockbuster trade that will send outfielder Yasiel Puig to the Queen City.

L.A. is sending Puig, outfielder Matt Kemp, left-hander Alex Wood, catcher/infielder Kyle Farmer, and $7 million to the Reds for right-hander Homer Bailey and prospects Josiah Gray and Jeter Downs.

Bailey, who had to waive his 10-and-5 rights, will reportedly be released by the Dodgers, according to Ken Rosenthal of The Athletic. He's owed $23 million in 2019, plus another $5 million to buy out his 2020 club option, per Cot's Contracts.

The trade will open up room under the luxury-tax threshold for the Dodgers.