Fans of any team can think a contract is a more/less money than the player is worth. And the reds don't have the dodgers financial power, so giving him about 16 mill a year is a much bigger deal for them then it is for LA.
Bailey was interviewed by the Reds Cincinnati Enquirer writers this morning, and he said "It's just the little details and stuff like that — but we're really close."
I think that is a ton of money, but I guess that's the asking price in today's market. I just hope this doesn't prevent us from signing Leake and Latos long term. However, I am really excited to see him stay in Cincinnati though. He's a fun pitcher to watch. I went to his second no hitter, and it was probably the most exciting game I've ever been too.