Chapman avoids arbitration
It appears that the Reds and closer Aroldis Chapman have avoided arbitration with a one-year, $5 million contract — reported Joel Sherman of the New York Post on Twitter Tuesday morning.
Update: I confirmed the deal being done.
The dollar figure is the midpoint between the two sides. Chapman, 25, filed for $5.4 million while the club offered $4.6 million. The Reds have made no announcement about a signing, yet.
All that remains now among the arbitration guys is RHP Homer Bailey.
Under the terms of the six-year, $30.25 million free agent contract he signed in 2010 after defecting from Cuba, Chapman could convert the $3 million he was owed for 2014 into a bonus if he was eligible for arbitration. So this will be a nice earning year for Chapman — $8 million total.
In 2013, he earned $2 million while posting 38 saves in 43 chances with a 2.54 ERA in 68 appearances.