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

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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.

Video: Rhys Hoskins gets revenge against Jacob Rhame with homer, slooooow trot

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Wednesday night’s Phillies-Mets game did not feature any beanballs or benches-clearing brawls, but it did feature Rhys Hoskins getting his revenge against Jacob Rhame. Last night, Rhame threw a fastball up-and-in at Hoskins. Rhame maintained his innocence, though Hoskins was skeptical.

Hoskins got a chance for revenge against Rhame in the ninth inning with the Phillies already ahead 4-0. Bryce Harper drew a leadoff walk. Hoskins then worked a 1-1 count before drilling a 95 MPH fastball over the left field fence for a two-run home run. Hoskins milked his accomplishment, taking a 34-second stroll around the bases. For a point of comparison, MLB.com’s Anthony DiComo notes that noted speedster Bartolo Colón had a 30.5-second trot around the bases after homering in 2016. MLB.com’s Todd Zolecki notes that Hoskins’ longest home run trot prior to this was clocked at 28.88 seconds. Wednesday’s trot was the first this season above 30 seconds across the league.

The dinger is Hoskins’ seventh of the season. He also walked and tripled in Wednesday’s 6-0 win. On the season, Hoskins is now batting .273/.402/.580 with 20 RBI and 18 runs scored in 107 plate appearances.