THE ASSOCIATED PRESS
CINCINNATI, Ohio -- Free-agent closer Ryan Madson and the Cincinnati Reds finalized their US$8.5 million, one-year contract Friday.
The deal calls for a $6-million salary this year, of which $2 million is deferred until Nov. 1 and $2 million until Nov. 1, 2013. The agreement includes a $11-million mutual option for 2013 with a $2.5-million buyout.
Madson saved 32 games in 34 chances last year for NL East champion Philadelphia. He replaces Francisco Cordero as the Reds' closer.
Madson nearly re-signed with the Phillies, but a $44-million, four-year deal collapsed in November and days later Philadelphia reached a $50-million, four-year contract with closer Jonathan Papelbon.
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