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.

Hyun-Jin Ryu will open season in Dodgers’ rotation

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Dodgers manager Dave Roberts announced on Monday that Hyun-Jin Ryu will open the regular season in the starting rotation, MLB.com’s Ken Gurnick reports.

Ryu, 30, missed the entire 2015 season and made only one start last season due to shoulder and elbow injuries. The lefty has looked solid in three spring appearances, however, yielding a lone run on five hits and a walk with eight strikeouts in nine innings.

With Scott Kazmir likely to begin the season on the disabled list, that leaves Alex Wood and Brandon McCarthy to battle it out for the fifth spot in the Dodgers’ rotation.

Jorge Soler diagnosed with strained oblique, Opening Day in doubt

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Royals outfielder Jorge Soler has been diagnosed with a strained oblique, making it likely that he begins the regular season on the disabled list, Rustin Dodd of The Kansas City Star reports.

The Royals acquired Soler from the Cubs in December in exchange for reliever Wade Davis. Over parts of three seasons with the Cubs, Soler hit .258/.328/.434 with 27 home runs and 98 RBI in 765 plate appearances.

When he’s healthy, Soler is expected to find himself in the Royals’ lineup as a right fielder and occasionally as a designated hitter.