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02-20-2014, 02:03 AM
GOODYEAR, Ariz. -- Reds pitcher Homer Bailey will definitely be part of the team's rotation for the long haul. He and the club avoided arbitration Wednesday by agreeing to a six-year, $105 million contract, a source told MLB.com.
The deal comes with a mutual option for a seventh year worth $25 million with a $5 million buyout.
The Reds have not announced the agreement.
"Not yet," general manager Walt Jocketty said when asked if the deal was done. "Hopefully by [Thursday] morning."
Following the Reds' first full-squad workout Wednesday afternoon, Bailey was not ready to discuss his deal.
"I think they wanted to wait until [Thursday]. I haven't even signed it yet," Bailey said.
Bailey's arbitration hearing was scheduled to be held Thursday in St. Petersburg, Fla.
A 27-year-old power right-hander, Bailey has a 49-45 lifetime record with a 4.25 ERA in 143 starts since making his big league debut in 2007.
Bailey has a combined 33-29 record with a 3.79 ERA over the past three seasons, and in 549 innings during that time, he has had a 3.4-to-1 strikeout-to-walk ratio, a 1.21 WHIP and 105 ERA+. He's also thrown two no-hitters, against the Pirates on Sept. 28, 2012, and against the Giants on July 2, 2013.
In 32 starts last season, Bailey was 11-12 with a career-best 3.49 ERA. He also achieved career bests in innings (209) and strikeouts (199).
The deal comes with a mutual option for a seventh year worth $25 million with a $5 million buyout.
The Reds have not announced the agreement.
"Not yet," general manager Walt Jocketty said when asked if the deal was done. "Hopefully by [Thursday] morning."
Following the Reds' first full-squad workout Wednesday afternoon, Bailey was not ready to discuss his deal.
"I think they wanted to wait until [Thursday]. I haven't even signed it yet," Bailey said.
Bailey's arbitration hearing was scheduled to be held Thursday in St. Petersburg, Fla.
A 27-year-old power right-hander, Bailey has a 49-45 lifetime record with a 4.25 ERA in 143 starts since making his big league debut in 2007.
Bailey has a combined 33-29 record with a 3.79 ERA over the past three seasons, and in 549 innings during that time, he has had a 3.4-to-1 strikeout-to-walk ratio, a 1.21 WHIP and 105 ERA+. He's also thrown two no-hitters, against the Pirates on Sept. 28, 2012, and against the Giants on July 2, 2013.
In 32 starts last season, Bailey was 11-12 with a career-best 3.49 ERA. He also achieved career bests in innings (209) and strikeouts (199).
02-20-2014, 02:04 AM
What's your thoughts on this deal? Is it good for the reds or will end up being a bust?
02-20-2014, 11:30 AM
I don't know if Bailey is worth that much, but the Reds needed to do something to keep him around. He's on the verge of a breakout season
02-21-2014, 02:41 AM
I agree he is going to have a break out season. But that is a lot of money they have spent on 4 players in the past 2 years, with Votto, Phillips, Bruce and now Bailey it's around 63 million a year just on those players alone.
Don't get me wrong I'm glade to see the reds spending money to keep the good players around. I just hope this all works out for them.
Don't get me wrong I'm glade to see the reds spending money to keep the good players around. I just hope this all works out for them.
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