Sunday, February 16, 2014

Report: Reds, Homer Bailey 'getting close' on lucrative contract extension

Despite recent reports stating that an "enormous gap" existed in contract talks between Homer Bailey and the Reds, could the two sides actually be "getting close" to an extension?

According to Paul Hoynes of Cleveland.com, that answer could be yes. And the contract could be worth in excess of $100 million spread over six seasons.

However, it should be noted that the Reds and Bailey have yet to agree on a contract for 2014. Of course, part of this could be due to the ongoing discussions about a long term extension.

Earlier this offseason, the right-hander filed for $11.6 million while Cincinnati countered with $8.7 million. This obviously represents a big difference, but that difference could be settled with a multi-year deal, although I still think it's a longshot. If they can't work out a deal by Feb. 20, Bailey's case will fall to the discretion of an arbitrator, who will either side with the Reds or with Bailey.

The Reds haven't gone to the arbitration table since 2004 when they beat Chris Reitsma.

How would you feel if the Reds committed this much money and this many years to Bailey? How would it affect their odds of extending Mat Latos, Johnny Cueto, and Mike Leake beyond 2015?

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