The Cincinnati Reds and right-hander Homer Bailey avoided arbitration by a agreeing to a one-year contract, the Cincinnati Enquirer reported Saturday.
The deal is worth $5.35 million, according to CBS Sports.
Bailey asked for $5.8 million and the Reds offered $4.75 million when the two sides exchanged arbitration figures in January.
Cincinnati has contractual control of Bailey through next year, but general manager Walt Jocketty reportedly is interested in possibly offering Bailey a longer-term deal in the future.
Bailey was 13-10 with a 3.68 ERA and a 168/52 strikeout-to-walk ratio over 208 innings last year, including a 3.21 ERA after the All-Star break. He also tossed a no-hitter against the Pittsburgh Pirates on Sept. 28.