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Homer Bailey, Reds working on deal for more than $100 million

Homer Bailey was 11-12 with a 3.49 ERA last year and is 49-45 lifetime. (USATSI)
Homer Bailey was 11-12 with a 3.49 ERA last year and is 49-45 lifetime. (USATSI)

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Reds right-hander Homer Bailey is in serious talks with his team on a deal that is said to be for north of $100 million.

The contract, if finalized, will be for between $100 million and $110 million over six years, according to scources, and including a seventh-year option. Bailey would be eligible for free agency after the 2014 season, but there is optimism the long-term deal will be consummated.

Bailey, whose arbitration hearing is scheduled for Thursday, is said to haave a fallback one-year option, so it appears baseball's final hearing won't be necessary, either way.

The Cleveland Plain Dealer first reported the deal being talked about was for about $100 million.

Bailey, 27, is 49-45 lifetime and was 11-12 with a 3.49 ERA last year.

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