Per ESPN’s Jerry Crasnick, the Cincinnati Reds have signed former Phillie Ryan Madson to a one-year, $8.5 million deal. I’ve written a lot about this subject recently, so I won’t beat a dead horse, but suffice it to say that the Reds made out like bandits with this deal. The Phillies have massive amounts of egg on their face for signing Jonathan Papelbon so quickly, and Madson’s agent Scott Boras looks even worse. The good news is that the Phillies will get two draft picks as a result of offering Madson arbitration. Jim Callis with the specifics:
#Phillies get sandwich & 2nd-rder for Madson going to #Reds. As of now, those would be picks 38 & 72. #mlbdraft
Madson will spend one year in Cincinnati before jumping back into the free agent pool. He may have better luck when fewer relief options are on the market. For now, he’ll take $8.5 million, which is likely less than he would have been awarded in arbitration. The acquisitions of Madson and lefty Sean Marshall give the Reds a fearsome bullpen as they make a serious push to win the NL Central in 2012.