To be quite honest, I've never played in NL only nor in an auction league. But if you could get Pujols and Reyes and some how unload on Soriano's bloated price, then you've got the strongest two players at their respective positions without as much cap spent.
If you did the second deal you'd be left with: Pujols Reyes Soriano Sanchez Maholm Dempster Fielder For a total of $154. You'd have $106 left to spend. $22 less than if you don't make the deal but you do upgrade from Rollins to Reyes (probably worth the $8) and from Bruce and Cordero to Pujols. It's not a bad deal per se. Who'd be your 8th keeper in this scenario? I guess it all depends on if you think you can fill out the rest of your roster with $106.
He once hit a ball between my legs so hard that my center-fielder caught it on the fly backing up against the wall.
If Satch (Paige) and I were pitching on the same team, we would clinch the pennant by July fourth and go fishing until World Series time.
I would try and counter the first deal with Soriano instead of Maholm. That would leave your keepers: Pujols $43 Santana $46 Dempster $1 Maholm $1 Sanchez $2 Fielder $25 Rollins $35 Total: $153
If you have any other options other then Doug Davis as your 8th please post them, if not Davis for $1 would push you to $154. That leaves you with $116 to fill out your roster. You'd already have a very stellar starting staff of Santana, Dempster, Maholm, Sanchez. You'd also have three stud hitters. This means you'll have to be a little thrifty on draft day, but I'm not a huge Soriano guy, and I think tossing his bloated contract in deal 1 allows you two take on two monster contracts in Pujols and Santana. Maybe save some money by drafting a few setup guys in situations with dicey closers instead of paying for the guy in the closer role to start the year (like taking Rauch in place of Qualls for instance). Good luck, hope that suggestion was of some assistance, tried to think outside the box a bit.