"It's kind of a slow process. We'll see how it goes and go from there," Bailey said on Wednesday.
The Reds have not gone to an arbitration hearing since defeating Chris Reitsma in 2004. This week, Shin-Soo Choo signed a one-year, $7.3 million contract to avoid arbitration. Last month, reliever Logan Ondrusek signed a two-year, $2.3 million deal with lots of incentive clauses. Pitcher Mike Leake was signed to a one-year, $3.06 million contract last week. Outfielder Chris Heisey got a one-year, $1.325 million contract and reliever Alfredo Simon inked a one-year, $890,000 contract.
Latos' deal was worth $11.5 million and came just before his hearing was scheduled.
"I think both sides really don't want to go to hearing, on any case -- not just mine," Bailey said. "It's good they reached an agreement with Mat. I know he was looking forward to it. I'm sure the organization is glad they got that done."
When numbers were exchanged in January, Bailey filed at $5.8 million, while the club offered $4.75 million – a difference of $1,050,000. Represented by the Hendricks Brothers, he avoided arbitration last winter by signing a one-year, $2.5 million contract.