Homer Bailey's $105M Contract Is the Worst for a Pitcher in History

The Cincinnati Reds are paying Homer Bailey $21 million in 2018. He's 1-7 with a 6.68 ERA and minus-0.6 WAR by FanGraphs' measure. He's on the disabled list with knee inflammation.

You've heard of bang for your buck? This is dang for your buck.

Or another, less printable word.

Put simply, the six-year, $105 million contract to which the Reds signed Bailey in February 2014 is the worst pitcher pact in MLB history.

Back then, Bailey was 27 years old and coming off a season in which he posted career bests in ERA (3.49), innings (209) and strikeouts (199).

"Homer is homegrown. He was drafted, signed and developed in our organization," then-general manager Walt Jocketty said at the time, per…