The Reds outrighted Busenitz to Triple-A Louisville on Monday.
Since he's already been outrighted previously, Busenitz had the ability to elect free agency, but he'll instead remain in the Reds organization as a depth arm at Louisville. Over 41 appearances (two starts) with Louisville this season, Busenitz has turned in a 3.79 ERA, 1.25 WHIP and 53:18 K:BB across 57 innings.