Ryan Madson declines arbitration from the Phillies

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From MLB Network’s Jon Heyman comes word that free agent right-hander Ryan Madson has decided to decline the Phillies’ offer of arbitration.

Madson is a Type A free agent, so by rejecting the offer he will net the Phillies two compensatory draft picks when he signs with a different team.

The 31-year-old posted a dominant 2.37 ERA and 62/16 K/BB ratio in 60 2/3 innings this past year for Philadelphia, converting 32 saves in 34 opportunities. The Red Sox have expressed some interest in making him Papelbon’s replacement, but it doesn’t sound like a deal is close.