Report: Ryan Madson Had Accepted Deal From Phillies, Philadelphia Chose Not To Execute

Ryan Madson’s agent, Scott Boras, says the closer had accepted a four-year, $44 million deal with the Philadelphia Phillies, however the club decided not to execute the deal, according to CBS Sports.

"He told the Phillies he would accept it, and the Phillies decided not to execute it,'' Boras told CBS by phone.

It had been reported at the time that Madson was not willing to accept a four-year, $44 million deal from the club, however Boras insists those claims are not true. The Phillies instead decided to sign 30-year-old closer Jonathan Papelbon, a more established pitcher, to a four-year, $50,000,058 contract.

Madson today signed a one-year, $8.5 million deal with the Cincinnati Reds to serve as their closer in 2012.

The eight-year veteran had played his entire MLB career with the Philadelphia Phillies and as a closer last season amassed 32 saves with a 2.37 ERA.