Homer Bailey's six-year, $105 million contract extension is finally official.

"We're very excited about it and pleased," Reds general manager Walt Jocketty said. "Homer is home-grown, was drafted, signed and developed in our organization. It's important as an organization to reward our players that have earned this type of respect with these types of contracts and to keep them as part of the organization for a long time and hopefully end their careers here -- he'll still be pretty young when this contract's up, though.

"He's worked hard. He's really overcome a lot of obstacles and he's grown a lot in the few years I've been here and seeing how he's matured into one of the top pitchers in the game today."

Bailey, 27, wanted to be sure the team was committed to winning before committing to a contract.

"One of the first things I did was call Bryan (Price) after he was announced as manager," Bailey said. "One of the things I asked him was, 'Where are we going? What are we trying to do here?' If it's something where we're sneaking in in third place with a very talented team, I don't want to be a part of that. I want to be winning divisions and going deep in the playoffs and competitive every year. Talking to him, that's the goal of the organization. I think that says a lot.