The Cincinnati Reds and starting pitcher Homer Bailey are close to agreement on a long-term contract extension, the Cleveland Plain-Dealer's Paul Hoynes reported Sunday.
According to Hoynes, the two sides are working on a deal that could be in the neighborhood of six years and $100 million.
Last week, reports had pegged Bailey and the Reds "far apart" in contract negotiations. The 27-year-old Bailey filed for $11.6 million in salary arbitration last month, while the Reds countered with $8.7 million. Bailey made $5.35 million last season.
Bailey’s arbitration hearing is scheduled for Thursday in Tampa. If he and the Reds do not agree to a multi-year deal, he would become a free agent after the 2014 season.
Bailey started 32 games for the Reds last season. Bailey put up career bests in innings pitched (209), ERA (3.49), WHIP (1.12), strikeout rate (8.6 per nine innings), strikeout-to-walk rate (3.69) and WAR (3.2). He has also thrown two no-hitters in his last 34 starts.
Hoynes reported that any deal between the Reds and Bailey would likely affect the Cleveland Indians' talks with starter Justin Masterson, since the two pitchers are comparable in terms of service time and performance.
Heard Reds getting close to 6-year deal in $100 million range with Homer Bailey. Bound to influence Indians talks with Justin Masterson.MORE: Braves, closer Kimbrel agree to four-year deal
— paul hoynes (@hoynsie) February 17, 2014