Posted February 19, 2014

Homer Bailey agrees to $105M deal with Reds

Homer Bailey's deal includes a mutual option for a seventh year. (Joe Robbins)

Homer Bailey’s deal includes a mutual option for a seventh year. (Joe Robbins)

As expected, Homer Bailey has agreed to a $105 million contract extension with the Reds that will keep him in Cincinnati for the next six years, according to an ESPN report Wednesday. The deal includes a seventh-year option for the 27-year-old, who went 11-12 last season with a 3.49 ERA.

News of his deal comes a day before a scheduled arbitration hearing. The righthander, who has thrown two no-hitters in the past two years, had asked for $11.6 million. The Reds were willing to only offer $8.7 million. He had inked a one-year deal for $5.35 million last season to avoid arbitration.

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Since his MLB debut with the Reds in 2007, Bailey has compiled a 49-45 record with a 4.25 ERA. His 209 innings pitched and 199 strikeouts last season were career-bests for the Texas native. 

The Reds finished third in the Central Division last season with a 90-72 record.


Am I missing something here? Cincinnati wasn't willing to pay him $11.6M for one year, but they ARE willing to pay him $105M for 6 years (an average of $17.5M per year)??? WTF