UPDATE: Reds ink Ryan Madson to one-year, $8.5 million deal


UPDATE: Jerry Crasnick of ESPN.com reports that the deal is worth $8.5 million guaranteed while Bob Nightengale of USA Today adds that it includes some performance-based incentives.

The Phillies will receive two draft picks as compensation for Madson, though the new CBA stipulates that the Reds will not surrender their first-round pick.  Instead, the Phils are expected to pick prior to the Reds (14th overall) in the first-roundUPDATE: Silly new CBA rules. It appears the Phillies will get a supplemental first-round pick and a second-round pick.

11:50 PM, Tuesday: Bob Nightengale of USA Today reports that the deal is worth in excess of $10 million.

11:31 PM, Tuesday: Heyman adds that it’s a one-year deal. Still need to see the dollar amount, but you have to love this if you’re the Reds. And while Madson didn’t get the deal we all thought he would get back in November, he could get his money next offseason if he proves healthy and effective in 2012.

10:55 PM, Tuesday: Ryan Madson has finally found a home. Jon Heyman of CBSSports.com reports that the 31-year-old right-hander has agreed to terms with the Reds. No word on the specifics yet.

Madson saved 32 games in 34 chances with the Phillies in 2011 and owns a 2.89 ERA over the past five seasons. He’s an improvement over the declining Francisco Cordero in the closer role and just the latest sign that the Reds are going for it in the National League Central.

7:50 PM, Tuesday: According to John Fay of the Cincinnati Enquirer and Mark Sheldon of MLB.com, a Reds’ source has downplayed the club’s interest in Madson.

6:35 PM, Tuesday: The Reds remain in contact with Francisco Cordero about serving as their closer this season, but Jon Heyman of CBSSports.com reports that the club is also in “serious” talks with Ryan Madson.

Many consider Madson one of the biggest losers of the offseason since his reported four-year, $44 million deal with the Phillies fell through in the early part of November. Potential suitors have gone in other directions, leaving one of the best relievers in baseball out of a job. The Reds recently acquired right-hander Mat Latos from the Padres, so there’s no question they’re going for it in the National League Central, although Cordero would likely come at a significantly lower price.

Reds general manager Walt Jocketty told John Fay of the Cincinnati Enquirer this afternoon that he hopes to have the Cordero situation resolved “one way or another” this week, so one wonders if he is talking to Madson in order to force his hand.

Giancarlo Stanton stared down Derek Jeter and Michael Hill to get to New York

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Everyone knows that Giancarlo Stanton is now a New York Yankee. Everyone knows the Marlins traded him to New York. Most people also know that, before that trade happened, the Cardinals and Giants had deals in place for Stanton that he rejected via his no-trade clause. Now, for the first time, we get some real flavor of how all of that went down from Stanton’s perspective, courtesy of this profile of Stanton’s eventful offseason from Ben Reiter of Sports Illustrated.

The best part of it comes when Derek Jeter and Marlins president Michael Hill had a sit down with Stanton while the Giants and Cardinals offers were pending. In that meeting, Reiter reports, Stanton was told in no uncertain terms that he’d either accept one of those deals or else he’d be stuck in Miami while the roster was dismantled. Stanton responded thusly:

“This is not going to go how you guys think it will go,” Stanton said. “I’m not going to be forced somewhere, on a deadline, just because it’s convenient for you guys. I’ve put up with enough here. Derek, I know you don’t fully understand where I’m coming from. But Mike does. He’s been here. He can fill you in. This may not go exactly how I planned. But it’s definitely not going to go how you have planned.”

Even adjusting for the likelihood that it wasn’t put quite as smoothly as that in real time as it was in Stanton’s recollection of it to Reiter, it’s still pretty badass. Stanton had the power in that situation and he did not blink when the club threatened to call his bluff. In the end, he got what he wanted.

Beyond that, it’s a good profile of Stanton as he’s about to begin his Yankees career. Definitely worth your time.