In an earlier thread, Jason5280 comments on this Denver Post report by Troy E. Renck. Dan O'Dowd will wait until the deadline to make his best deal for Shealy. Regardless of their position in the playoff race, provided that Helton has not suffered a career-threatening injury, the Rockies will surely trade Shealy if he can become a minor-league free agent at the end of the season. (Correct me if that's wrong....)
... that must be wrong. I have to not believe everything I read. Looked up the various stuff about the reserve clause. It's clear. If Shealy's on the Rockies' 40-man roster, he can't get minor-league free agency. From what I can find, Rule 5 says minor-league free agency is an option for players who have been with an organization for six years (not counting the draft year) and are not on the 40-man roster. 2002 was Shealy's first pro year, but this wouldn't count since it was the year he was drafted. He hasn't been with the organization that long, and the Rox should not have any trouble keeping him on the 40-man roster if needed.