GOODYEAR, Ariz. — Right-hander Homer Bailey agreed to a six-year, $105 million deal with the Reds on Wednesday, avoiding arbitration and helping Cincinnati with its cash flow by temporarily deferring some of the salary.
The deal includes a $25 million mutual option for 2020 with a $5 million buyout.
Bailey, 27, had career bests last season with a 3.49 ERA, 209 innings, 199 strikeouts, 8.57 strikeouts per nine innings and a 3.7 Wins Above Replacement. He also pitched his second career no-hitter in June against the Giants.
He had a 3.68 ERA and a 2.5 WAR in 208 innings in 2012 and completed his breakout season by throwing a no-hitter in Pittsburgh in September.
Bailey was the Reds' final player left in arbitration. In an unusual twist, much of his annual salary will be deferred until the November after each season. If he is traded, his new team would have to pay all of the salary amounts during the season.
BRAIN TRUST REWARDED: Atlanta extended the contracts of general manager Frank Wren, a St. Petersburg native and Northeast High graduate, and manager Fredi Gonzalez. Both were entering the final years of their contracts.
PED SUIT DROPPED: Major League Baseball withdrew its lawsuit against a defunct Miami-area anti-aging clinic at the center of an investigation into the use of banned substances by players, including Yankees star Alex Rodriguez. MLB attorney Matthew Menchel confirmed that the league dropped its case against Biogenesis of America, its owner Anthony Bosch and several other individuals.
BREWERS: Third baseman Aramis Ramirez may miss a few spring training games after having a non-cancerous polyp removed from his colon.
GIANTS: First baseman Brandon Belt agreed on a $2.9 million, one-year contract to avoid arbitration.
ORIOLES: Right-hander Ubaldo Jimenez passed his physical finalized a $50 million, four-year deal.
PHILLIES: Catcher Carlos Ruiz received an exemption to use Adderall, a drug prescribed for sufferers of attention-deficit hyperactivity disorder. Ruiz was suspended for 25 games at the start of last season for using a banned stimulant, though the stimulant was never specified.