Bailey, Reds agree at $5.35M; record low hearings

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 a physical. As long as that deal

is completed, MLB will have no arbitration hearings this year for

the first time since the process began in 1974.

Baseball’s previous record low was three hearings, set in 2005

and matched in 2009 and 2011. The high was 35 in 1986.

Owners hold a 291-214 lead since arbitration began.

San Diego left-hander Clayton Richard had been scheduled for a

hearing Tuesday before agreeing to a $5.24 million, one-year

contract Saturday evening. Richard had asked for a raise from

$2,705,000 to $5.5 million and was offered $4,905,000 after he went

14-14 with a 3.99 ERA in 33 starts covering 218 2-3 innings last

year.

Bailey, who pitched a no-hitter at Pittsburgh last Sept. 28, had

asked for $5.8 million and was offered $4.75 million when players

and teams swapped proposed arbitration salaries last month.

His agreement was for the same amount as pitcher Jordan

Zimmermann’s settlement with the Washington Nationals a day

earlier.

Bailey was 13-10 with a 3.68 ERA in 33 starts last year.