Per RotoWorld:
Reds reinstated LHP Kent Mercker from the 15-day disabled list.
Mercker has been on the disabled list since May 6 with pain in his lower back. Before that, he had a 3.86 ERA and 6/7 K/BB ratio in 11 2/3 innings of relief for the Reds.
Reds optioned RHP Matt Belisle to Triple-A Louisville.
Belisle, who went 1-for-4 with a 7.28 ERA as a starter for the Reds, will work out of the bullpen in Louisville. Josh Fogg will take Belisle's spot in the rotation, but doesn't figure to be of much use in fantasy leagues. The Reds continue to wait for Homer Bailey to string together a few quality starts at Triple-A.
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I agree with this, Fogg seems like the likely bet. I can't see Homer being called up after his recent struggles.