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.