My guess is the reds are trying to get a few quick settlements with their arb guys while also trying to trade them for whatever lotto tickets they can get. Other teams have been clearing a lot of the chaff from their rosters and adding kids who need protected from AAA. I'm guessing the Reds are going to wait until the last possible minute while they negotiate both with the players and with other teams. When the buzzer goes off, I imagine that the Reds will make room for the 4 or 5 minor leaguers who need to be added by non-tendering guys. I'd say Farmer (Farmer might be traded, but I don't see many teams willing to go to arb with him at the figures being floated out there), Aquino, Sims, Hoffman and Senzel are most at risk or being non-tendered. Solak and a cheap guy like Matt Reynolds, would seem to be an alternative to Farmer, Aquino and Senzel (who the reds discussed converting to a multi-position type) and I'd guess all three might be dealt or non-tendered in the next week or so.
Otherwise, why haven't obvious cuts, like say Kyle Dowdy, already been let go?