From the Enquirer:
The Reds and Homer Bailey reached an agreement on a one-year, $5.35 million deal, avoiding arbitration. Bailey, who was eligible for arbitration for the second time, filed for $5.8 million. Club countered at $4.75 million
Bailey was the last of seven arbitration cases that the Reds settled.
Reds general manager Walt Jocketty said it was toughest year heÃ¢â‚¬â„¢s ever had as far as arbitration.
Ã¢â‚¬Å“Absolutely,Ã¢â‚¬Â he said. Ã¢â‚¬Å“With the numbers of cases and quality of players. We came very close to going to the hearing with (Mat) Latos. WeÃ¢â‚¬â„¢re all very happy to have it behind us.Ã¢â‚¬Â
The Reds reached two-year deals with Latos and Logan Ondrusek and one-year deals with Mike Leake, Bailey, Chris Heisey, Shin-Soo Choo and Alfredo Simon.
Jocketty said the Reds will re-visit a multi-year deal on Bailey at some point.
With the deal, the Reds have 22 played under contract for $99.75 million. So the payroll will be over $100 million for the first time. It was $87.8 million last year. The Reds are getting $3.5 million from the Indians as part of Choo trade.