The Reds and right-hander Homer Bailey have agreed to a six-year contract extension worth a assured $105 million, CBSSports.com's Jon Heyman has confirmed. MLB.com's Mark Sheldon originally reported that the deal was accomplished, and Sheldon adds that the deal additionally features a mutual $25-million choice/$5-million buyout for a seventh yr. Earlier on Wednesday, Heyman reported that either side have been working toward just such a deal.
In essence, the extension would purchase out the final yr of Bailey's arbitration eligibility and the first five years of his free company, at a minimum. If the option is excercised then Bailey, at present 27, would not be a free agent till age 34.
Bailey owns two career no-hitters and final season pitched to a 3.forty nine PERIOD (110 ERA+) with a three.69 Okay/BB ratio in 209 innings of labor. These numbers are fairly much like the ones he put up in 2012, when he led the NL in begins. For his profession, Bailey owns an PERIOD+ of 96 throughout parts of seven major-league seasons.
The Reds initially drafted Bailey with the seventh-total choose in 2004.