Report: Reds are “getting close” on a nine-figure extension with Homer Bailey

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Paul Hoynes of the Cleveland Plain Dealer with the report:

Previous reports had indicated that there was an “enormous gap” in negotiations between the Reds and Bailey. If a deal can’t be hammered out soon, Bailey is on track to go to an arbitration hearing. In his third and final year, Bailey filed for an $11.6 million salary for 2014 while the Reds filed for $8.7 million, putting the midpoint at $10.15 million.

Obviously, a six-year deal in the $100 million range puts the average annual value just under $17 million per year, a significant upgrade over what Bailey is projected to earn on a one-year deal to avoid arbitration, or what he would be awarded by an arbitrator.

Yankees, Tigers make a minor trade

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A minor trade goes down as everyone in baseball front offices recovers from, um, doing very little at the Winter Meetings: the Yankees acquired outfielder Tyler Hill from the Tigers for cash considerations.

The Tigers had picked Hill from the Red Sox in the minor league portion of yesterday’s Rule 5 Draft, meaning that he was a Tiger for less than 24 hours. I hope he cherished those memories.

Hill, who will turn 23 in March, hit .254/.348/.312 with one home run and 27 stolen bases in 124 games this past season for the Sox’ High-A team in Salem, Virginia. He was a 19th round pick for the Red Sox in 2014.