How Bailey changed the pitching market 

May, 7, 2014
May 7
10:48
AM ET
Lester/SamardzijaUSA TODAY SportsJeff Samardzija and Jon Lester should thank Homer Bailey for raising their salary expectations.
Homer Bailey's career ERA is 4.30, and he's had two seasons in which he has thrown over 200 innings. He has not pitched to the level of a Clayton Kershaw, Justin Verlander, or even a Matt Cain. He's never had any kind of a vote for the Cy Young Award, and has never been picked for an All-Star team.

But Bailey has managed to shift perceptions in the market, when he got a six-year, $105 million deal from the Reds in February. To agents and players, this deal seems to represent a new benchmark that has ratcheted up their expectations. For some club officials, the Bailey contract represents one giant wrench dropped right into the middle of salary machinations.

So if you're sitting in Jon Lester's position, as a star left-hander with two championship rings just five months from free agency, a $70 million offer from the Red Sox might appear almost ridiculous, within the context of the Bailey contract. If you are in Jeff Samardzija's spot, more than a year from free agency, the Bailey deal might redefine the range of what kind of deal you seek.