Oct 31, 2012, 9:48 PM EDT
The Reds wouldn’t have picked it up anyway, so right-hander Ryan Madson beat the team to the punch on Wednesday night and declined his half of an $11 million mutual option for the 2013 season.
This according to Jon Heyman of CBS Sports.
Madson gets a hefty $2.5 million buyout and will officially become a free agent this Saturday.
The 32-year-old missed the entire 2012 season following Tommy John reconstructive elbow surgery, but he began throwing recently and is hoping to be completely recovered by the start of spring training.
Madson registered a 2.37 ERA, 1.15 WHIP and 62/16 K/BB ratio across 60 2/3 innings for the Phillies in 2011 while converting 32-of-34 save chances. He boasts a 2.89 ERA in 329-plus innings since the start of 2007.
The Reds have interest in re-signing him, though they probably won’t offer him the opportunity to close.
- And That Happened: Wednesday’s scores and highlights 42
- David Price surrenders nine consecutive hits to the Yankees in the worst start of his career 23
- Video: Jorge Soler homers in his first major league at-bat 23
- Adam Wainwright has a “dead arm” 37
- HBT Daily: Alex Gordon and the Royals keep on rolling 12
- And That Happened: Tuesday’s scores and highlights 43
- Mariners extend general manager Jack Zduriencik’s contract 14
- Money, money, money (and Bud Selig’s nirvana) 16
- The Cubs grounds crew was short staffed because the Cubs were trying to avoid Obamacare (247)
- Forgiveness for Pete Rose? Not in this lifetime (144)
- Great Moments in Drug Testing and Punishment: The NFL Edition (99)
- Cuban outfielder Rusney Castillo to sign with the Red Sox for $72 million (96)
- A pitch clock in Major League Baseball? No thanks. (92)