EDIT: It’s official. Morosi confirmed, and Sheldon confirmed it’s a 1 year, 10 million dollar deal. That’s a lot of money. If you look at Red Reporter’s excellent payroll projection, that definitely puts us over 2011′s payroll mark. Perhaps Jocketty talked Castellini around – hey, if we win the world series, our revenue probably WILL go up.
Although almost no talk has linked Madson to the Reds until today, John Heyman of CBSSports is reporting that the Reds and Madson (previously with the Phillies) have come to an agreement, for one year. Now, Madson is a Boras client, so it bears closer scrutiny, especially since Fay was saying a few hours ago that his source downplayed our interaction with Madson. However, it seems unlikely that Heyman would report a deal when there was none (as opposed to “talks” about Jair Jurrjens), and his relationship with Boras would explain why he has the scoop.
This move strongly solidifies the bullpen, and closes down all the closer questions. (Additionally, now that Cordero will probably sign elsewhere, we’ll get draft picks). While we don’t know how much the one year deal is for, we are pretty sure that the Phillies offered him 4 years/40 million before signing Papelbon. The Red Sox traded for Andrew Bailey, and the Angels have pretty much shut down that option, so the lack of suitors has clearly brought down his price a little.
This will probably eats up the rest of the 2012 budget (as far as we know). Compared to the Cordero deal (4 years/46 mill). This is better, as Madson is a little younger at the time of the deal (31 vs. 33), and has better stats from the last three seasons (lower ERA, lower WHIP, lower BB/9, but also lower K/9). And lucky, or not, Cordero was pretty good for us, although maybe not >10% of our payroll good. A one-year deal is crazy good for the Reds since we’re playing the WIN NOW game, and not bad for Madson, as he can hit the free agent market next year, when the demand may be higher – before he gets too old.
It definitely, though, eliminates the possibility of eliminates all but the most trivial of more free agent signings (veteran SS, I’m looking at you). So probably no LF bat. It feels very odd to be so confident of the Reds pitching situating going into the season, and wondering if the offense is going to keep up though. I’m still not necessarily unhappy with the idea, but it’s still very, very foreign.
I’m a little surprised that we weren’t bidding with the Rangers, though. They’ve probably been distracted with the Darvish issue: if so, good timing on Jocketty’s part.