By Matt Snyder
Free agent closer Ryan Madson has agreed to sign a one-year, $8.5 million deal with the Cincinnati Reds, CBSSports.com insider Jon Heyman has learned.
Madson, 31, was reportedly very close to signing a four-year deal worth over $40 million to stay in Philadelphia a few months ago and the deal apparently fell through, with the Phillies instead landing Jonathan Papelbon. Since then, the market for closers completely eroded to the point where a team like the Reds -- who didn't have much money at all to spend in free agency this season -- were able to jump into the bidding late and grab what appears to be a huge bargain.
|Madson to Reds|
He most certainly moves into the closer role for the Reds, who will now allow free agent Francisco Cordero to walk via free agency. Newly-acquired left-hander Sean Marshall will serve as a setup man, along with Bill Bray and Nick Masset. The plan with hard-throwing Aroldis Chapman is reportedly to convert him into a starter. Still, with Marshall and Madson being added, the Reds appear to have a strong back-end.
The fallout for two free agent pitchers is very evident here. First of all, as alluded to above, Cordero is now not going to remain in Cincinnati, so he'll have to look elsewhere. Also, the Reds had been connected to Kerry Wood in rumors this week, but that is no longer an option. So Wood is down to the Phillies and Cubs, using past reports as a guide.
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