MLB Trade Rumors: Closer Ryan Madson to Cincinnati Reds

Diamond NotesCorrespondent IIIJanuary 11, 2012

Ryan Madson, Reds new closer
Ryan Madson, Reds new closerDilip Vishwanat/Getty Images

Yesterday, Cincinnati Enquirer reporter John Fay reported time was running out for closer Francisco Cordero to work out a deal with the Cincinnati Reds.

According to Fay, Reds general manager Walt Jocketty said, "I expect to have it resolved one way or another this week."

Little did we know that Jocketty was in serious talks with Ryan Madson's agent, Scott Boras, and Jon Heyman of CBSSports.com reported that according to Bob Nightengale of USA Today, the Reds agreed to a one-year, $10 million deal with Madson.

Last season, his first as a full-time closer, Madson posted a 4-2 record with a 2.37 ERA and saved 32 games in 34 chances.

Not only was the deal a surprise, but at $10 million, appears to be a steal. According to Nick Hurm of the Cincinnati Enquirer the Phillies had a four-year, $44 million deal lined up with Madson in Novemeber. However, talks between Phillies general manager Ruben Amaro Jr. and agent Scott Boras broke down and the deal fell through. Philadelphia then signed Jonathan Papelbon to a four-year deal.

Madson must be somewhat upset with Boras for costing him $34 million, but hopefully that frustration will not carry over to the field, but instead, he will use it as incentive to produce results for the Reds in hopes of a big contract.