Reds, RHP Bailey agree on $2.4 million deal

Published Jan. 17, 2012 6:00 p.m. ET

foxsports

CINCINNATI (AP) -- Right-hander Homer Bailey agreed to a one-year, $2,425,000 contract on Tuesday, avoiding salary arbitration with the Cincinnati Reds.

Bailey is coming off his best season, setting career highs in starts, wins, innings and strikeouts despite two stints on the disabled list because of shoulder problems in 2010. He went 9-7 with a 4.43 earned run average in 22 starts with 106 strikeouts in 132 innings.

Bailey made $441,000 last year. He can make an additional $75,000 in performance bonuses in his new deal. Bailey will be competing for a spot in the back of a rotation featuring Johnny Cueto, Mat Latos and Bronson Arroyo.

The Reds failed to reach deals with right-handed relievers Jose Arredondo and Nick Masset, who exchanged arbitration figures with the team.

Arredondo made $480,000 last season, when he continued his comeback from reconstructive elbow surgery in 2010. Arredondo went 4-4 with a 3.23 ERA in 53 appearances around two stints on the disabled list. He asked for $875,000 in arbitration, and the club offered $725,000.

Masset made $1,825,000 last season, when he went 3-6 with a 3.71 ERA in 75 relief appearances. He asked for $2.9 million in arbitration, and the club offered $2.1 million.