Friday, January 17, 2014

Reds exchange arbitration figures with Aroldis Chapman, Homer Bailey

While the Reds reached agreements with the likes of Mike Leake, Sam LeCure, and Alfredo Simon on Friday to avoid arbitration, the club wasn't able to strike a deal with Aroldis Chapman nor Homer Bailey.

Instead, the Reds traded salary figures with the two pitchers before the afternoon deadline.

According to Jon Heyman of CBS Sports, Cincinnati and Bailey are worlds apart from each other. The Reds filed a salary figure of $8.7 million while the 28-year-old submitted his desire for $11.6 million. For all of you non-math majors out there, this represents a difference of nearly $3 million. Bailey is in his final year of arbitration and will be eligible for free agency once the 2014 season comes to a close. He grossed approximately $5.35 million in base salary one year ago.

Meanwhile, Heyman also has the scoop on the salary figures swapped between Chapman and the Reds. The southpaw is seeking $5.4 million while the team has filed for $4.6 million. Either way, Chapman is slated to receive a massive increase in pay, as he earned a base salary of $2 million last season.

It should also be noted that both Chapman and Bailey have been the subjects of trade and contract extension rumors this winter. The most likely scenario is that each player suits up for the Reds in 2014. However, I wouldn't be surprised at all to see one of them get traded or agree to an extension.

Photo Credit: Bleacher Report

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