The Philadelphia Phillies have officially announced the signing of veteran closer Jonathan Papelbon to a four-year, $50,000,058 contract. Papelbon will wear number 58 according to a team release.
"We are really pleased to bring Jonathan to Philadelphia," said Phillies senior vice president and general manager Ruben Amaro Jr. "He is among the elite closers in the game and someone who clearly has a passion to win."
The 30-year-old stopper, had previously served as the Boston Red Sox closer since 2006. Last year for Boston he posted a career-low 31 saves with a 2.94 ERA. The four-time All-Star has averaged 37 saves and a 2.33 ERA over seven professional seasons. The Phillies were in need of a closer after club was made the decision not to bring back incumbent closer Ryan Madson. The Phillies also declined the 2012 option on former closer Brad Lidge’s contract. The move saved the club $11 million by giving Lidge a $1.5 million buyout instead of $12.5 million in salary in 2012. Due to injuries, Lidge made just 25 appearances this season and recorded only one save in 2011.