Ryan Madson is on the verge of becoming a Cincinnati Red, but his contract technically isn't a done deal quite yet, according to MLB.com.
Madson has reportedly agreed to a contract with one year guaranteed for $6 million, plus an $11 million option for 2013 that carries a $2.5 million buyout. But there are a couple holdups keeping the Reds from making it official -- among them, the fact that Madson is on vacation and has yet to be scheduled for a physical.
Madson was on the verge of re-signing with the Phillies earlier this offseason for four years and $44 million. The Phillies went in another direction and signed Jonathan Papelbon instead.
The 31-year-old Madson had a 2.37 ERA and 32 saves in 34 chances last year in his first full season as the Phillies' closer.