From the Enquirer and John Fay:

Homer Bailey was among seven players cut by the Reds Friday morning.

Bailey, the club’s No. 1 prospect, was not surprised or angered by the move.

“I knew coming (to camp) that it was going to happen,” he said. “(General manager) Wayne (Krivsky) said, ‘keep doing what you’re doing. You’ll be here when you’re ready.'”

The other moves: Joey Votto was optioned to Triple-A Louisville. Michael Gosling, Dan Conway, Ryan Hanigan and Bailey were re-assigned to the minor league camp. Kerry Ligtenberg and Brian Meadows were released.

No surprises here, other than maybe releasing Ligtenberg so early. Krivsky said it was done this early so he and Meadows might catch on with another team.

Article also says that there are now 43 active players in camp.