The Reds stole Ryan Madson last night. They stole him for a reported one-year deal worth $8.5 million.
$8.5 million? Madson could have landed more by accepting arbitration with the Phillies, who just paid Jonathan Paplebon over $50 million.
It’s clear that the market for an unproven closer quickly dried up on Madson and his agent, Scott Boras. But there was some discussion, as recently as the Winter Meetings, that the Phillies were still interested in signing Madson to a one-year deal to be a setup man for Paplebon, even after Madson declined the Phillies' arbitration offer.
He clearly wanted to get out of Philly, go to a place where he can prove himself as a closer (for a full season), and then cross his fingers for a long-term deal next year. Meanwhile, the Phillies are figuring out how to work an extra $58 into Papelbon's gigantic contract.
We’ll have more as it becomes available.
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