November 11, 2011
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(Photo by Greg Fiume/Getty Images)
It looked as though the Phillies were going to resign closer Ryan Madson but the deal seemed to fall apart.
Instead they plucked former Red Sox closer Jonathan Papelbon off the free-agent market. The deal is believed to be worth $50 million over four years.
It also includes a vesting option for a fifth year. The contract could reach $60 million when it’s all said and done.
The deal is the richest in MLB history for a closer. It will surpass the five-year, $45 million pact that B.J. Ryan signed with the Toronto Blue Jays back in 2005.
Papelbon was 4-1 with a 2.94 ERA with 31 saves in 63 appearances this year. He has a career 2.33 ERA and 219 saves over his big-league career.
But did the Phillies sign the right closer?
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