From the Enquirer:
NO. 1 PICK AGREES: First-round draft pick Homer Bailey has agreed to terms with the Reds.
Bailey, a 6-foot-4, 185-pound right-handed pitcher from LaGrange, Texas, was the seventh overall pick in the June draft.
"It took a little longer than I thought, but I'm very happy," Bailey said Saturday evening. "I'm looking forward to getting started."
Bailey was 14-0 with a 0.67 ERA with 187 strikeouts in 85 2/3 innings in the regular season. He was the USA Today High School Player of the Year and had received a college scholarship offer from Texas.
He will come to Cincinnati Monday to sign the deal.