Originally Posted by Read_N_Run
Grease in on the outside of the wheel (rim). There is no grease leaking from the bearing buddy or on the shaft what so ever. I'll take a better look tonight and see if I can see where it's leaking from.
If it's leaking from the BB/hub interface, you won't see it leaking from my experience, you'll just see splatters on the wheel. It only leaks when heated and running - hence the splatters. Pressure builds up and pushes it out through a small gap and it gets flung out to the wheel. I've had this happen several times - try tapping the BB back in and snugging it up. If that doesn't work take it off, clean up the mating surfaces and inspect for burr's, nicks, etc. file them off if necessary. But usually just taking it off and cleaning the surfaces fixes the problem.
Edit - have you looked at the inner seal? You'll notice if that's leaking. Usually there will be a crust of dusty desiccated grease with some fresh oozing from somewhere. If you do replace the inner seal just clean and repack the bearings after you remove them (unless you notice something odd, or it's been a long while since replacement).