UPDATE: Phillies, Jonathan Papelbon agree to four-year, $50 million contract

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UPDATE III: Jon Heyman of SI.com reports that Papelbon is guaranteed $50 million over four years while the vesting option is believed to be easily attainable.

UPDATE II: If you were somehow on the fence about this deal being excessive, this should push you overboard and then some. Jayson Stark of ESPN.com reports that Papelbon will also receive a vesting option for a fifth year which would make the total package worth more than $60 million.

UPDATE: Oh boy. Salisbury reports that the deal is for four years and approaches $50 million.

Meanwhile, Jon Heyman of SI.com has confirmed the deal.

2:33 PM: Well, here’s an old fashioned swerve.

According to Jim Salisbury of CSNPhilly.com, the Phillies and Jonathan Papelbon have reached agreement on a contract, pending a physical.

No word on the contract details yet, but the Phillies were reportedly close to signing Ryan Madson to a four-year, $44 million contract with a club option for a fifth year. You’d have to think it would be something similar, if not more.

Papelbon, who turns 31 later this month, has a 2.33 ERA over seven seasons in the big leagues. He struggled with his command last season, leading to a career-high eight blown saves, but bounced back in a big way in his contract year, posting a 2.94 ERA and 87/10 K/BB ratio over 64 1/3 innings.

Papelbon qualifies as a Type A free agent this winter, so barring changes to the CBA, the Phillies will surrender their first-round pick (No. 31 overall) in the 2012 First-Year Player Draft to Boston.

If Salisbury’s report is true, Papelbon’s deal would be the richest contract ever for a relief pitcher, surpassing the five-year, $47 million deal B.J. Ryan signed with the Blue Jays in November of 2005. Mariano Rivera would still have the highest average annual (AAV) for a relief pitcher, at $15 million.

Brewers reliever Josh Hader in hot water over racist, homophobic tweets from 2011-12

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Brewers reliever Josh Hader didn’t have a good night. He gave up four hits and a three-run homer to put the National League in a big hole in the All-Star Game. That’s the kind of thing that has to stick with you.

Oh, and he was also revealed to be a SUPER BIG racist, misogynist and homophobe. That’s gonna stick with him too, and may land him in trouble with Major League Baseball.

Someone decided to dig through Hader’s Twitter history this evening and when they did they found some ugly, ugly stuff in there from back in 2011-12.* Hader was found to have used the n-word, liberally. He said “I hate gay people.” He said some super misogynistic stuff about wanting a woman who will cook and clean for him, among other pretty damn vile things. There were multiple references to cocaine. He said “I’ll murder your family” to one person and made some total non-sequitur tweet simply saying “KKK.” You name a social media etiquette line that one can cross and Hader not only crossed it, but he totally and gleefully trampled over. If you want to see that vile stuff you can see it over at The Big Lead, which screen-capped it. I presume Hader has deleted them by now.

The news of Hader’s old, unearthed tweets bubbled out as the All-Star Game was going on, and reporters met Hader in the locker room right afterward for comment. Hader owned up to them — there was no “I was hacked” excuses offered here — saying that the tweets were a sign of immaturity when he was 17 years-old. He said he plans to apologize to his teammates, saying they don’t reflect on him as a person now. His quote: “No excuses. I was dumb and stupid.” Which, well, yes, obviously.

That may not be the end of it, however:

These tweets are old, Hader may be a different person now and people can do a lot of growing up between 17 and 24. But Major League Baseball is not happy tonight, I can assure you, that an ugly social media incident blew up during its biggest showcase of the regular season.

Will Hader be disciplined? Hard to say, given that Hader wasn’t even drafted yet when those tweets were made and given that MLB’s social media policy was not even in place then. But it would not shock me at all if more comes of this than Hader merely apologizing to his teammates. Stay tuned.

*There are several putative Hader tweets floating around Twitter right now of a more recent vintage. Hader has locked his account, however, and they cannot be confirmed, and many people who were able to access his account before it was locked said those tweets were not there before, with the suggestion that they were Photoshopped. We are neither in the position to — nor do we have the inclination to — verify which of Hader’s tweets are legitimate and which are fabricated. We know, however, that there is more than ample, awful stuff that he has owned up to and we’ll leave it at that for now.