Enquirer lists some of the Reds latest roster moves:

On Hernandez:

The Reds want catcher Ramon Hernandez to return for 2010, but not for the $8.5 million figure his club option calls for, according to mlb.com.

“We’re not going to pick up the option,” Reds general manager Walt Jocketty told mlb.com’s Mark Sheldon on Friday. “We have been talking with his agent and trying to negotiate a new deal. We’re hoping he comes back.”

The buyout for the Hernandez option is $1 million. Acquired last winter from the Orioles in a trade for utility player Ryan Freel and two prospects, Hernandez batted .258 with five home runs and 37 RBIs in 81 games. Only July 21, Hernandez had arthroscopic surgery to clean out his left knee and he missed 57 games. He also made 21 starts in place of Joey Votto at first base.

Should he not return to Cincinnati at a reduced price and hit the open market, Hernandez is rated a Type B free agent by Elias. If he is offered arbitration, it would mean the Reds would receive a first-round sandwich pick in the 2010 Draft as compensation.

Can you decline the option and then offer arbitration? Would you offer arbitration?

In other roster moves announced Friday, the Reds sent backup catcher Corky Miller and reserve outfielder Darnell McDonald outright to Triple-A Louisville. In 21 games for the Reds, Miller hit .179, but was a strong presence behind the plate. Reds pitchers were 13-5 with a 3.02 ERA when he caught. Miller was signed to a 2010 contract with Louisville.

Nothing moves to me…but FWIW, I’d rather have McDonald under contract than other players I could mention…

Starting pitcher Justin Lehr signed a one-year big league contract and was then sent outright to Louisville. A 32-year-old journeyman, Lehr emerged in late summer and posted a 5-3 record and 5.37 ERA in 11 starts, including one complete game. He could be a contender for the fifth spot in the rotation.

I have no problem with keeping Lehr around, but wonder how much it’s costing considering it’s a big league deal. I also wonder about keeping Lehr when we’ve got a lot of young pitchers in the system.

The Reds also activated infielder Danny Richar from the 60-day disabled list and outrighted him from the roster along with first baseman Kevin Barker. Both players elected to become free agents.

Didn’t see enough of Richar to really have any thoughts about him. Barker is a nice AAAA player who helped Louisville be competitive this year, but with the Reds 40 man issues and the needs for spots on the Louisville roster, this was easy to foresee.

The Reds’ 40-man roster currently stands at 39 players with three more still on the 60-day DL.

The Reds still have some 40 man issues to decide in the next few weeks.