Feb 15, 2014; Goodyear, AZ, USA; Cincinnati Reds pitcher Homer Bailey throws during team workouts on the practice fields of Goodyear Ballpark. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports

MLB Rumors: Homer Bailey admits he's near deal with Reds

No more than a few weeks ago, both Homer Bailey and the Cincinnati Reds admitted that getting a long term extension done was going to be difficult.

Yet, here we sit, no more than a month later and the two sides are reportedly near a deal – one that Bailey confirmed Monday morning.

Bailey confirms that multi-year deal is close. “We’re going in the right direction.” #reds

The Reds were concerned that signing Bailey would financially strap them moving forward, but there was also the understandable concern of losing Bailey and how difficult he’d be to replace in their starting rotation.

The alleged six-year, $100 million dollar contract isn’t exactly awful given the money handed out to pitchers this offseason, so while I wouldn’t exactly call it ‘team friendly’, there’s a bit of a discount in there in comparison to what Bailey could secure on the open market.

The deal would cover Bailey’s final year of arbitration eligibility who is coming off a season where he posted a 3.49 ERA, 1.12 WHIP and 199 strikeouts in 209 innings of work.

Dick's Sporting Goods presents "Hell Week":

Tags: Cincinnati Reds Homer Bailey