wvu_man
Active Member
Homer Bailey and the Reds have agreed to terms on a six-year, $105MM extension with a $25MM mutual option that contains a $5MM buyout, reports MLB.com's Mark Sheldon.
Bailey, a client of Excel Sports Management, successfully avoids arbitration by agreeing to the massive extension and also forgoes his first venture into free agency, which would have come at the end of the 2014 season. He had filed for an $11.6MM salary while the Reds countered with an offer of $8.7MM. The two have been said to be working on a long-term deal for quite some time, with the first reports that an extension was close coming from the Cleveland Plain Dealer's Paul Hoynes on Sunday night.
Bailey, a client of Excel Sports Management, successfully avoids arbitration by agreeing to the massive extension and also forgoes his first venture into free agency, which would have come at the end of the 2014 season. He had filed for an $11.6MM salary while the Reds countered with an offer of $8.7MM. The two have been said to be working on a long-term deal for quite some time, with the first reports that an extension was close coming from the Cleveland Plain Dealer's Paul Hoynes on Sunday night.