No deal, just yet, for Bailey

Talks to finalize a multi-year contract remain active between the Reds and RHP Homer Bailey.

“We’ve made progress,” Reds general manager Walt Jocketty said. “There are still some outstanding issues. Hopefully they get resolved in the next 24 hours or else people are going to have to suit it up and go east.”

Bailey’s arbitration hearing is scheduled Thursday in Florida. He would have leave camp to attend. Assistant GM Bob Miller would represent for the Reds.

UPDATE: A close comparable to Bailey, Indians RHP Justin Masterson, signed a one-year, $9.72 million contract to avoid arbitration.

Also, click here for my story today on Bailey.

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