Dec 7, 2011, 10:54 PM EDT
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.
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