As expected, Homer Bailey has agreed to a $105 million contract extension with the Reds that will keep him in Cincinnati for the next six years, according to an ESPN report Wednesday. The deal includes a seventh-year option for the 27-year-old, who went 11-12 last season with a 3.49 ERA.
News of his deal comes a day before a scheduled arbitration hearing. The righthander, who has thrown two no-hitters in the past two years, had asked for $11.6 million. The Reds were willing to only offer $8.7 million. He had inked a one-year deal for $5.35 million last season to avoid arbitration.
Since his MLB debut with the Reds in 2007, Bailey has compiled a 49-45 record with a 4.25 ERA. His 209 innings pitched and 199 strikeouts last season were career-bests for the Texas native.