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Reds GM Walt Jocketty concedes that keeping Homer Bailey will be “difficult”

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Homer Bailey has been subject to trade speculation this offseason, as he’s entering his final year of arbitration and could land a huge contract on the open market next winter. The Reds are interested in keeping him long-term, but general manager Walt Jocketty told Mark Sheldon of MLB.com earlier today that he understands the reality of the marketplace.

“He would be probably the one guy that’s going to be the most difficult because of how well he’s done and where he’s at in this service class,” Reds general manager Walt Jocketty said. “Young pitchers are getting quite a bit.”

“At this point, we really haven’t discussed anybody but Homer to sign long term,” Jocketty said. “Homer is the only one we’ve pursued, but we’ve had internal discussions on the other guys. We just have to see how it all fits in, financially.”

Bailey had his best season yet last year, posting a 3.49 ERA and 199/54 K/BB ratio over 209 innings. He also threw his second career no-hitter. Still just 27 years old, he could command a contract north of $100 million if he remains healthy and effective in 2014.

MLB Trade Rumors projects Bailey to make $9.3 million in his final year of arbitration, so there’s a case to be made to trade him if the Reds don’t think they can sign him to an extension. However, Jocketty said he told clubs during the Winter Meetings that he has no intention to move him. There’s nothing wrong with keeping Bailey around for his walk year, as the Reds are expected to contend and his production in the rotation would be very difficult to replace. The Reds would also be able to make him a qualifying offer, though draft pick compensation would merely be a consolation prize if he ends up elsewhere.

Report: Rockies haven’t discussed contract extension with Nolan Arenado

LOS ANGELES, CA - SEPTEMBER 23: Nolan Arenado #28 of the Colorado Rockies runs the bases after hitting a solo homerun in the sixth inning against the Los Angeles Dodgers at Dodger Stadium on September 23, 2016 in Los Angeles, California.  (Photo by Lisa Blumenfeld/Getty Images)
Lisa Blumenfeld/Getty Images
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In a mailbag published on Thursday, Patrick Saunders of the Denver Post says he has spoken with Arenado and his agent from the Wasserman Media Group. Based on that, he says the Rockies have not broached the subject of a contract extension with the All-Star third baseman.

Arenado will enter his second of four years of arbitration eligibility after earning $5 million for the 2016 season. He’s due to a hefty pay raise and will continue on that track into free agency after the 2019 season. It may behoove the Rockies to get extension talks started sooner rather than later. Saunders, however, thinks that Arenado wants to see if the Rockies become contenders in the next two seasons before signing the dotted line.

Arenado, 25, enters Thursday’s action batting .293/.361/.567 with 40 home runs, 130 RBI, and 112 runs scored in 678 plate appearances. His 40 homers is best in the National League and the 130 RBI are best in the majors. He has an argument for winning the National League Most Valauble Player Award.

Video: Scott Boras eulogizes Jose Fernandez

MIAMI, FL - SEPTEMBER 28: A detailed view of a memorial wall in honor of Jose Fernandez on September 28, 2016 in Miami, Florida. Mr. Fernandez was killed in a weekend boat crash in Miami Beach along with two friends.  (Photo by Rob Foldy/Getty Images)
Rob Foldy/Getty Images
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Agent Scott Boras eulogized client Jose Fernandez at his funeral on Thursday. Boras couldn’t even get through the first sentence without breaking down in tears. It was difficult to watch without wanting to sob myself, but it was a touching eulogy that spoke for a lot of people who were fond of Fernandez.