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Reds' Bailey agrees to $5.35M deal; two players left in arbitration

CBSSports.com wire reports
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GOODYEAR, Ariz. -- Right-hander Homer Bailey and the Cincinnati Reds have agreed to a $5.35 million, one-year contract, ensuring baseball will set a record low for arbitration hearings.

No cases have been argued before three-person panels this year among the 133 players who filed for arbitration last month and just two remain scheduled for hearings next week: San Diego Padres left-hander Clayton Richard and Baltimore Orioles reliever Darren O'Day.

O'Day and the Orioles have an agreement on a $5.8 million, two-year contract that is pending a physical. Richard has asked for a raise from $2,705,000 to $5.5 million and has been offered $4,905,000 after he went 14-14 with a 3.99 ERA last tear.

Baseball's previous record low was three hearings, set in 2005 and matched in 2009 and 2011. The high was 35 in 1986.

Owners hold a 291-214 lead since arbitration began in 1974.

Bailey, who pitched a no-hitter at Pittsburgh last Sept. 28, had asked for $5.8 million and had been offered $4.75 million when players and teams swapped proposed arbitration salaries last month.

His agreement was for the same amount as Jordan Zimmermann's settlement with the Washington Nationals a day earlier.

Bailey was 13-10 with a 3.68 ERA in 33 starts last year.

Copyright 2014 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
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