Dec 7, 2011, 10:54 PM EST
Madson is a Type A free agent, so by rejecting the offer he will net the Phillies two compensatory draft picks when he signs with a different team.
The 31-year-old posted a dominant 2.37 ERA and 62/16 K/BB ratio in 60 2/3 innings this past year for Philadelphia, converting 32 saves in 34 opportunities. The Red Sox have expressed some interest in making him Papelbon’s replacement, but it doesn’t sound like a deal is close.
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (160)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (125)
- Brett Gardner is drawing “significant” trade interest (111)