Ryan Madson declines $11M mutual option for 2013

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The Reds wouldn’t have picked it up anyway, so right-hander Ryan Madson beat the team to the punch on Wednesday night and declined his half of an $11 million mutual option for the 2013 season.

This according to Jon Heyman of CBS Sports.

Madson gets a hefty $2.5 million buyout and will officially become a free agent this Saturday.

The 32-year-old missed the entire 2012 season following Tommy John reconstructive elbow surgery, but he began throwing recently and is hoping to be completely recovered by the start of spring training.

Madson registered a 2.37 ERA, 1.15 WHIP and 62/16 K/BB ratio across 60 2/3 innings for the Phillies in 2011 while converting 32-of-34 save chances. He boasts a 2.89 ERA in 329-plus innings since the start of 2007.

The Reds have interest in re-signing him, though they probably won’t offer him the opportunity to close.

Report: Yankees close to signing Gio González to minor league deal

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Jon Heyman reports that the Yankees are close to signing starter Gio González. Per Ken Rosenthal of The Athletic, the deal is of the minor league variety that will pay González $3 million if he makes the major league roster.

González, 33, made 27 starts for the Nationals before being sent to the Brewers ahead of the now-defunct August 31 waiver trade deadline. In aggregate, González went 10-11 with a 4.21 ERA and a 148/80 K/BB ratio in 171 innings. He was solid in his five starts with the Brewers, going 3-0 with a 2.13 ERA.

Neither Luis Severino nor CC Sabathia will be ready for the start of the season, so González will add some immediate depth at the back of the Yankees’ rotation. Sabathia will likely return before Severino. When that happens, González may be pushed out of the rotation.