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.
- Carlos Gomez diagnosed with sprained wrist 3
- Michael Wacha to start Thursday for the Cardinals 4
- We’re not going to pretend that Bo Porter had no idea what he was getting into, are we? 51
- And That Happened: Monday’s scores and highlights 50
- The Cardinals have moved ahead of the Brewers for first place in the National League Central 37
- No-hitter! Four Phillies pitchers combine to blank the Braves 61
- Bo Porter fired by the Astros 56
- Settling the Score: Sunday’s results — and a reminder of what Labor Day is all about 48
- Could women play major league baseball? Sure. Right now, though, the deck is stacked against them. (221)
- Albert Pujols plays the “you never played the game!” card (104)
- Great Moments in Drug Testing and Punishment: The NFL Edition (101)
- Baseball is dying, you guys, because no one would recognize Mike Trout in a bar (76)
- And That Happened: Thursday’s scores and highlights (75)