Bailey Agrees to $105 Million, Six-Year Reds Deal, Says

Homer Bailey, who threw his second career no-hitter during the 2013 Major League Baseball season, agreed to a contract worth $105 million over six years with the Cincinnati Reds, said.

The right-hander’s deal comes with a mutual option for a seventh year worth $25 million with a $5 million buyout, said, citing a source it didn’t identify. The Reds may announce the agreement today, the website said, citing Cincinnati General Manager Walt Jocketty. Bailey was cited as saying he has yet to sign the accord.

Bailey, 27, on July 2 became the first Reds pitcher in 44 years to throw his second no-hitter, in a 3-0 win against the visiting San Francisco Giants. He pitched his first no-hitter on Sept. 28, 2012.

In 32 starts last season, Bailey went 11-12 with a career-best 3.49 earned run average. He has a 49-45 record with a 4.25 ERA in 143 starts since making his major league debut in 2007.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE