Phillies rejected Brewers’ offer of Jonathan Broxton for Jonathan Papelbon

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Philadelphia and Milwaukee have apparently continued to talk about a Jonathan Papelbon trade recently, but Ken Rosenthal of FOXSports.com says the latest negotiations fell apart when the Brewers tried to send reliever Jonathan Broxton to the Phillies as a way to offset Papelbon’s bloated salary.

According to Rosenthal the Phillies were only willing to cover a large chunk of Papelbon’s contract if they received “a top prospect” in return, whereas the Brewers suggested including Broxton in the deal rather than a minor leaguer with upside.

Papelbon is owed $13 million this season with a $13 million vesting option for 2016. Broxton is owed $9 million this season with a $9 million option or $1 million buyout for 2016. It’s also worth noting that Broxton has been pretty good, throwing 59 innings with a 2.30 ERA and 49/19 K/BB ratio last season, and like Papelbon he has plenty of closing experience.

But apparently the Phillies decided downgrading from Papelbon to Broxton wasn’t worth saving a few million dollars and/or they’re still holding out some hope of cashing in Papelbon for a decent prospect at some point.