Cincinnati, OH, United States (4E Sports) – The Cincinnati Reds avoided arbitration with pitcher Homer Bailey, signing him to a six-year, $105 million contract.
According to a source, the deal comes with a mutual option for a seventh year worth $25 million with a $5 million buyout. Bailey’s arbitration hearing was scheduled to be held Thursday in Tampa, Florida.
The Reds, however, did not make an announcement regarding the agreement. “Not yet,” general manager Walt Jocketty said when asked if the deal was done. “Hopefully by [Thursday] morning.”
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+.
Bailey has 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 in 32 starts last season. He also achieved career bests in innings (209) and strikeouts (199).