I look at the names out there and keep coming up with the same logical conclusion. The Reds could very possibly end up with Livan Hernandez. He probably won't command a Lohse-type overpayment and won't be at the top most teams' wish lists. However, he has a strong Dusty Baker connection.
Actually, I believe Baker owes Hernandez. Baker used Hernandez for a couple of years to really eat up innings and save the Giants' bullpen. I believe Hernandez's statistics suffered for a couple of years simply because he was unselfishly pitching so deeply into games.
Unless a better option appears, I would not be too surprised to see the Reds sign Hernandez. There are worse options out there.