Dani Strehle
Senior Manager
While many blissful couples were celebrating Valentine’s Day on February 14th, an entirely different demographic was celebrating something else: the pitchers and catchers reporting for the 2014 Major League Baseball season.
On the heels of this exciting event, today it was announced that the Cincinnati Reds inked a six-year, $105 million deal with pitcher Homer Bailey. Bailey finished last year’s somewhat disappointing season 11-12 with a 3.49 ERA. While Bailey was able to escape arbitration last year by accepting a $5.35 million, one-year deal, this year he has had to do some negotiating, with the Reds countering his request for $11.6 million with an offer of $8.7 million, by far the largest counter among all of the Cincinnati players participating in arbitration.
The breakdown of Bailey’s yearly salary will looking something like this: 2014, $9 million; 2015, $10 million; 2016, $18 million; 2017, $19 million; 2018, $21 million and 2019, $23 million. The contract also includes the unusual clause deferring Bailey’s payday until the end of the season, not to be paid until November.
In the event that Bailey is traded while under contract, his new team would be required to pay him the agreed upon contractual amount.
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