The midfielder, who joined from Southend at the start of the 2008/ 09 campaign quickly became a firm favourite with the Addicked following a truly beautiful volley against Wolves in a game which sadly ended in defeat.
With his gung ho, heart on the sleeve attitude Bailey has fast become a beloved member of the Charlton starting 11.
It is hoped that he will be able to build on his goal tally of 13 from last season and provide the Addicks with the leadership that they so desperately lacked during their relegation campaign.