Homer Bailey, Reds near extension

Updated: February 17, 2014, 1:41 PM ET
ESPN.com news services

Homer Bailey said Monday he is closing in on a multiyear contract with the Cincinnati Reds.

The right-hander, who was 11-12 with a 3.49 ERA last season, has an arbitration hearing scheduled for Thursday. Bailey has asked for $11.6 million while the Reds have offered $8.7 million. Bailey avoided arbitration last season with a one-year, $5.35 million deal.

"There's a lot of things we have in place. I feel the majority of it is worked out," Bailey told reporters, according to ...

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