UPDATE: Homer Bailey and the Reds reach a six-year, $105 million extension

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UPDATE: Mark Sheldon reports that the deal is done. Six years, $105 million with a mutual option for a seventh.

1:05 PMKen Rosenthal reports that the Homer Bailey extension with the Reds is “all but done.”  The deal is for six years and between $100 million and $110 million according to Rosenthal and Jon Heyman. This deal will avoid an arbitration hearing and prevent Bailey from hitting the open market next winter.

Bailey has pitched seven years for the Reds. He’s come on much more strongly the past two, however, putting up ERA+ of 110 and 112 and starting 32 and 33 games, respectively. While he has not yet put together a totally superior season, the kind of performance he has shown is now getting guys contracts in excess of $50 million pretty routinely. If Bailey has a year everyone has long thought he was capable of, that $100 million would likely be easily eclipsed if he were to hit the free agent market before the 2015 season.

Rays pitcher Brent Honeywell leaves BP session with possible injury

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This is not good: Marc Topkin of the Tampa Bay Times reports that Rays pitcher Brent Honeywell cut short a bullpen session this morning and left the field with a trainer. Topkin says Honeywell was “clearly upset” as he made his way into the clubhouse and “cursed loudly a few times.”

Obviously you don’t want to assume the worst, but that’s often the behavior of a pitcher who experienced a serious injury. We will get updates later and will provide an update when we hear.

UPDATE:

Honeywell, probably the Rays’ top prospect, is slated to make his major league debut early this season, though possibly not for a few weeks into the season due to off days. Eventually, though, it is assumed he’d slot in someplace behind Chris Archer, Matt Andriese, Nathan Eovaldi, Jake Faria, and Blake Snell, either as a young-David Price-style swingman, a spot starter or a regular starter at some point.

Last year Honeywell posted a 3.49 ERA and 172/35 K/BB ratio in 136. innings in 26 starts between Double-A Montgomery and Triple-A Durham.