Jan 11, 2012, 8:20 AM EDT
The Phillies will receive two draft picks as compensation for Madson, though the new CBA stipulates that the Reds will not surrender their first-round pick.
Instead, the Phils are expected to pick prior to the Reds (14th overall) in the first-round. UPDATE: Silly new CBA rules. It appears the Phillies will get a supplemental first-round pick and a second-round pick.
11:50 PM, Tuesday: Bob Nightengale of USA Today reports that the deal is worth in excess of $10 million.
11:31 PM, Tuesday: Heyman adds that it’s a one-year deal. Still need to see the dollar amount, but you have to love this if you’re the Reds. And while Madson didn’t get the deal we all thought he would get back in November, he could get his money next offseason if he proves healthy and effective in 2012.
Madson saved 32 games in 34 chances with the Phillies in 2011 and owns a 2.89 ERA over the past five seasons. He’s an improvement over the declining Francisco Cordero in the closer role and just the latest sign that the Reds are going for it in the National League Central.
6:35 PM, Tuesday: The Reds remain in contact with Francisco Cordero about serving as their closer this season, but Jon Heyman of CBSSports.com reports that the club is also in “serious” talks with Ryan Madson.
Many consider Madson one of the biggest losers of the offseason since his reported four-year, $44 million deal with the Phillies fell through in the early part of November. Potential suitors have gone in other directions, leaving one of the best relievers in baseball out of a job. The Reds recently acquired right-hander Mat Latos from the Padres, so there’s no question they’re going for it in the National League Central, although Cordero would likely come at a significantly lower price.
Reds general manager Walt Jocketty told John Fay of the Cincinnati Enquirer this afternoon that he hopes to have the Cordero situation resolved “one way or another” this week, so one wonders if he is talking to Madson in order to force his hand.
- Garrett Richards suffers ugly left knee injury 11
- Giants win protest, will complete rain-halted game at Wrigley Field on Thursday afternoon 16
- Royals might actually know what they are doing 25
- Curt Schilling reveals that he was diagnosed with mouth cancer, blames smokeless tobacco 70
- Clown shoes in Chicago: the Cubs grounds crew couldn’t get the tarp on the field 58
- And That Happened: Tuesday’s scores and highlights 69
- Tony La Russa denies that Kirk Gibson’s job is safe 22
- Pirates activate Andrew McCutchen from the disabled list 2
- Mike Matheny addresses turmoil in Ferguson: “It’s a sad situation. It’s a tough situation for our city” (127)
- Here’s today’s dose of barfy Derek Jeter sentiment (82)
- Let’s speed up the pace of play. But let’s not be gimmicky about it. Let’s just enforce the rules. (74)
- Curt Schilling reveals that he was diagnosed with mouth cancer, blames smokeless tobacco (70)
- And That Happened: Tuesday’s scores and highlights (69)