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MLB: Bailey inks big deal with Reds

on February 20, 2014 10:35 AM

GOODYEAR, Ariz. (AP) — Starter Homer Bailey agreed to a $105 million, six-year contract that avoids arbitration and will help the Cincinnati Reds with their cash flow by deferring some of the salary for short periods.

The deal includes a $25 million mutual option for 2020 with a $5 million buyout.

Bailey was the final major league player left in arbitration this year and reached the agreement a day before his scheduled hearing in Florida.

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