Done deal: Angels sign Ryan Madson to one-year contract

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UPDATE: Madson passed the physical exam, so it’s a done deal. He gets $3.5 million in upfront money, plus a $2.5 million “roster bonus” and up to $1 million in incentives based on games finished. So he’s guaranteed less than half of what he got from the Reds last offseason and can earn up to $7 million.

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This morning the Angels reportedly were close to signing Ryan Madson and now Jerry Crasnick of ESPN.com says it’s a done deal.

According to Crasnick the rehabbing right-hander will get a one-year contract, assuming of course that he passes the physical exam after missing the entire season following Tommy John elbow surgery.

It’ll be interesting to see how much Madson gets, because when the Phillies turned to Jonathan Papelbon instead of re-signing him last offseason his market was limited enough that he settled for a one-year, $8.5 million deal from the Reds. Back then he was 30 years old and coming off a season in which he saved 32 games with a 2.37 ERA and 62/16 K/BB ratio in 61 innings. Now he’s 31 years old and coming off a season in which he didn’t throw a pitch because he needed his elbow reconstructed.

Madson is expected to become the Angels’ closer, which would allow manager Mike Scioscia to use Ernesto Frieri in a setup role.

Jonny Venters is still pitching

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Lefty reliever Jonny Venters was among a handful of players the Rays signed to minor league contracts, Marc Topkin of the Tampa Bay Times reports.

Venters, 32, hasn’t pitched in the majors since 2012 and has logged just 27 2/3 innings in the minors in the meantime due to a continuous battle with his elbow. According to David O’Brien of the Atlanta Journal-Constitution, Venters has undergone four — four! — Tommy John surgeries.

When he was healthy, Venters was a fearsome late-game option for the Braves. He posted a 1.95 ERA with 93 strikeouts in 83 innings in 2010, and a 1.84 ERA with 96 strikeouts in 88 innings in 2011. His first-half performance in 2011 earned him a spot on the National League All-Star roster.

Venters has spent the last two years in the Rays’ system and he’ll try to make it a third.