Bailey agrees to terms on contract
A source has told MLB.com that Reds pitcher Homer Bailey has agreed to a six-year, $105 million contract with the club on Wednesday to avoid arbitration. It comes with a mutual option for a seventh year worth $25 million with a $5 million buyout.
The Reds have not made an announcement of a deal.
More to come ….
UPDATE: Reds GM Walt Jocketty did not confirm that a deal was done. Click here for the full story on MLB.com.