Bailey, who attends nearby Sierra Canyon School in Chatsworth, California, is the No. 3 overall prospect in the ESPN 60 for the Class of 2022 and the No.1-ranked shooting guard.
The 17-year-old previously committed to UCLA in 2018 but decommitted eight months after the fact. He also committed to DePaul before entering the eighth grade but changed his mind prior to starting high school.
Although the 6-4 guard is set to begin playing for the Bruins in 2022, he can reclassify to the Class of 2021 where he'd join fellow five-star recruit Peyton Watson.