The Reds have placed outfielder Jake Cave on waivers, C. Trent Rosecrans of the Cincinnati Enquirer reports (via Twitter). As a Rule 5 pick, Cave will be offered back to the Yankees for $25K if another team doesn’t claim him. Any club that does claim Cave would have to keep him on its 25-man roster for the entire season or lose him to the Yankees.

Cave, 23, failed to impress during 56 Spring Training plate appearances for the Reds, compiling a .224/.309/.306 line that was appreciably worse than his career minor league slash of .285/.346/.391. The 2011 sixth-round pick spent nearly all of last season with Double-A Trenton and hit .278/.339/.359 in 132 games (seven with Triple-A Scranton/Wilkes-Barre) while swiping 17 bases on 20 attempts.

With Cave out of the picture in Cincinnati, the Reds’ bench come Opening Day is likely to consist of Jordan Pacheco, Scott Schebler and Jose Peraza, according to Rosecrans. Both Pacheco and Schebler have made strong cases for roster spots by thriving offensively this spring.