CINCINNATI -- Closer Aroldis Chapman agreed to a $5 million, one-year contract Tuesday, leaving the Cincinnati Reds with only starting pitcher Homer Bailey in arbitration.
Chapman and the Reds split the difference on their arbitration figures. The club had offered $4.6 million while Chapman asked for $5.4 million.
The Reds are far apart with Bailey, who asked for $11.6 million and was offered $8.7 million. If they can't reach a deal, a hearing would be held next month.
Bailey is eligible for free agency in 2015.
Bailey went 11-12 last season with a 3.49 ERA and a club-high 199 strikeouts. He also pitched his second no-hitter in two years.
Chapman went 4-5 with 38 saves and a 2.54 ERA in 68 appearances with 112 strikeouts in 63 2-3 innings.
If you've had enough severe cold for one winter, here's a good reason to cheer up:
Reds pitchers and catchers report for spring training on Feb. 14, with position players arriving at Goodyear on Feb. 19.
Spring training games start Feb. 26.
Opening Day against the Cardinals is March 31.
RELATED: Complete spring training information