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There’s an “enormous gap” in extension negotiations between Reds and Homer Bailey

Feb 8, 2014, 5:22 PM EDT

Homer Bailey AP AP

If you have been holding out hope that the Reds will be able to lock up right-hander Homer Bailey, it’s time for a dose of reality. According to ESPN’s Jerry Crasnick, there’s “an enormous gap” between the Reds’ last offer and what Bailey wants in a long-term deal.

Bailey, who turns 28 in May, is currently on track to hit free agency next offseason. He requested $11.6 million and was offered $8.7 million from the Reds when arbitration figures were exchanged last month, so the two sides have apparently discussed both one-year and multi-year scenarios in recent weeks.

While Bailey dealt with injuries and disappointment early on in his career, he owns a 3.58 ERA over the past two seasons and has thrown two no-hitters along the way. Assuming he can stay healthy this year, he should have a good chance of landing a $100 million contract on the open market. There’s a school of thought that the Reds would be better off dealing Bailey by Opening Day if they can’t work out an extension, but there’s no indication that they are are considering such a move right now.

  1. bostonboresme - Feb 8, 2014 at 5:42 PM

    Good. If he hits the FA market next year, he’ll probably become a Yankee.

  2. missingdiz - Feb 8, 2014 at 6:36 PM

    The Reds wouldn’t be “better off” this season if they deal Bailey now. But if they want to knock themselves out of the race in the Central Div., it’s fine with me.

    • stoutfiles - Feb 8, 2014 at 10:02 PM

      Well it all depends what they get out of the deal. Reds kinda need to win now though, they aren’t currently built for long term success.

  3. adamsowder33 - Feb 8, 2014 at 9:52 PM

    Don’t deal him. Play him. If he wants a big contract, he will pitch his butt off. That would be good for the Reds.

  4. highplainsjew - Feb 8, 2014 at 10:59 PM

    As a long time (40 yr) Red’s fan, I must say that to see this team still being so tight with the payroll, is disturbing. You have to spend money to compete. You got the new stadium. Spend some cash, win some playoff games…and fill the seats. Bailey is worth the 11.6 (or close to it) that he is asking for. The list of guys who have thrown no hitters in back to back seasons is pretty small. He’s the real deal. Pitching is everything in this game…and it (or more specifically the LACK of it) is THE reason why the Reds sucked for so many years. They have finally built a very solid, potentially elite rotation…and now we have to watch it be dismantled almost immediately. Sickening.

  5. kyleshabram - Feb 9, 2014 at 9:41 PM

    Reds are a mess

  6. cincinata - Mar 15, 2014 at 3:36 PM

    I always liked Bailey and thought he might be the answer for the Reds. But after so many false starts, I wonder how much he is really worth. After all, he is a .500 pitcher in his career, and even when he threw the no no (2), the next games after that were not so hot. He had a good season ending a couple of years ago but still ended up 50/50. There is no question that he has a lot of talent, but to what end? He has to be much more consistent in this league, and he has not shown that to date. I do not feel that the Reds fortunes hang on Homer, and if they have to pay too much for him, then they will make a mistake. He is no Tom Seaver. I would rather them develop other pitchers and get the most out of Cueto and others on the staff.

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