Reds could trade Homer Bailey to create payroll space

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The Reds’ rotation appears to be set, but John Fay of the Cincinnati Enquirer suggests the team could trade Homer Bailey to create room in the payroll for one more free agent signing. Fay does mention that the Reds wouldn’t sign a free agent like Nelson Cruz or Stephen Drew.

Bailey, 27, is eligible for arbitration for the final time going into the 2014 season. He will get a raise over last season’s $5.35 million salary, especially since he had the best season of his career (3.49 ERA in 209 innings) and threw a no-hitter. Fay writes that it makes sense for the Reds to move Bailey if they don’t think they can sign him to a contract extension.

If the Reds do trade Bailey, they could reunite with starter Bronson Arroyo, whose market hasn’t been nearly as strong as anticipated as he remains available in the free agent market.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.