It's just before 7, and the third round has started with the Rays taking UC Davis catcher Jacob Jefferies with the 78th overall pick. The Reds pick 84th overall, so the newest Red should be known rather quickly.
Update: The Reds selected RHP Zachary Stewart out of Texas Tech. Stewart was 3-2 with a 4.98 ERA and three saves for the Red Raiders.
Baseball America had him listed as the No. 46 player in the draft and the Reds got him at 84. That's good value. A reliever who has started, Baseball America said "his best pitch is a92-96 mph fastball with filthy sink. Early in the season, he showed a slarp slider that some scouts graded as a plus-plus offering."
Update 2: In the fourth round, the Reds selected RHP Tyler Cline of Cass High School in Cartersville, Ga. Cline is listed as 6-2, 220 pounds.
Update 3: The fifth-round pick is another right-hander, Clayton Shunick out of N.C. State. Shunick was 7-5 with a 2.16 ERA on an N.C. State team that is also in the NCAA Super Regionals. Shunick will start Game 1 of the Wolfpack's NCAA Super Regional in Athens, Ga., against the Georgia Bulldogs.
Update 4: MLB lied to me. They said they'd only do 5, they did 6. The Reds took SS Alex Buchholz of Delaware.
That's it for day 1. They used to do about 20 rounds in the first day, but that was before ESPN.

