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Reds, Homer Bailey avoid arbitration

Updated: February 16, 2013, 9:46 PM ET
Associated Press

GOODYEAR, Ariz. -- Homer Bailey and the Cincinnati Reds agreed Saturday to a $5.35 million, one-year contract, ensuring baseball will set a record low for salary arbitration hearings.

No cases have been argued before three-person panels this year among the 133 players who filed for arbitration last month and just one remains scheduled for a hearing next week: Baltimore reliever Darren O'Day.

O'Day and the Orioles have an agreement on a $5.8 million, two-year contract that is pending ...

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