"We've made progress," Reds general manager Walt Jocketty said. "There are still some outstanding issues. Hopefully they get resolved in the next 24 hours or else people are going to have to suit it up and go east."
Bailey's arbitration hearing is scheduled for Thursday in Florida and the pitcher would have to leave Arizona sometime Wednesday to be there with his agents at Excel Sports Management.
Jocketty declined to specifically identify the remaining differences in the talks.
"It's a lot of little things," he said. "The structure of the contract, how it's paid and things like that."