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Reaction To The Jonathan Papelbon Signing

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Jonathan Papelbon became the first major free agent of the 2011-12 offseason to switch teams, agreeing to a four-year, $50MM contract with the Phillies today that also includes a vesting option for a fifth year.  Here is a sample of the reaction to the big signing…

  • Ken Rosenthal of FOX Sports (video link) says the Papelbon signing "is classic Philadelphia 21st century stuff: a quick strike, a big name and a lot of money."  It's a major commitment to a closer, but Rosenthal points out that Papelbon's numbers are comparable to the first six years of Mariano Rivera's career.
  • Rosenthal also notes that it hurts other free agent closers that the free-spending Phillies are no longer in the market for a stopper.
  • ESPN's Keith Law trashed the signing, citing the poor history of relievers in multiyear contracts, the fact that the Phils deprived their "depleted" farm system of a first-round draft pick as compensation for Papelbon and his belief that Ryan Madson is the better reliever on the market.  Law also projects that Papelbon will allow more home runs pitching at Citizens Bank Park.
  • "Papelbon is a safer bet than Madson, basically the same age and with a much longer and better track record as a closer," writes Danny Knobler of CBSSports.com.  "Madson looked good in 2011, but in a role where success is often a year-to-year thing, it's very easy to say you'd rather have Papelbon."
  • Jon Paul Morosi of FOX Sports thinks "it’s hard to find much fault with" the signing, given Papelbon's experience pitching in a big market and in important games.  Morosi also looks at the rest of the offseason closer market.
  • The amount of money the Phillies paid is "stunning," according to Gordon Edes of ESPN Boston (Twitter link).  "If there was any year to lose your closer, this might be it," Edes writes.  "Other options out there, none as good as [Papelbon]."
  • The hefty contract and loss of a first round draft pick "seems steep" for Papelbon in the opinion of SI.com's Jon Heyman, but he likes how the Phillies are committed to contending every season.  Heyman also thinks the Red Sox will look to sign one of the available closers, due to Daniel Bard's poor numbers during Boston's September collapse (both Twitter links).

Phillies Have Serious Interest In Papelbon

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The Phillies are showing "serious" interest in Jonathan Papelbon, according to ESPN.com's Jayson Stark. The Phillies appeared to have a deal with Ryan Madson earlier this week, but talks aren't going anywhere at the moment. Yesterday GM Ruben Amaro Jr. told Stark that rumors of an agreement on a four-year, $44MM deal were "unequivocally false."

It has become "increasingly clear" that Papelbon's price might not be much higher than what Scott Boras is seeking for Madson, Stark writes. The team has been debating the merits of keeping Madson versus signing Papelbon for quite some time. Stark adds that the Blue Jays and Marlins have also shown strong interest in signing the long-time Red Sox closer. The Phillies have had "extensive negotiations" with Papelbon's agents and though the talks have slowed down at times, Philadelphia's interest hasn't waned.

Papelbon, 30, posted a 2.94 ERA with 12.2 K/9 and 1.4 BB/9 in 64 1/3 innings for the Red Sox in 2011, saving 31 games. Like Madson, he's a Type A free agent who would cost a top pick in 2012. If the Phillies sign Papelbon and lose Madson to another team after offering him arbitration, they'd lose one pick and gain two.

No Madson Deal Yet; Phils May Pursue Papelbon

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10:19pm: Officials around the league are suggesting the Phillies' pact with Madson may have fallen through because the first big deal of the offseason "may harm the ongoing CBA negotiations, suggesting the owners believe an agreement is a formality," according to Tim Brown of Yahoo! Sports. 

Another possibility is that MLB didn't like the terms of the deal, one that would set a relatively high bar for a free-agent class flush with closers, reports Brown.

4:18pm: Phillies GM Ruben Amaro Jr. said that the club never agreed to terms on a contract with closer Ryan Madson, according to Jayson Stark of ESPN. Amaro categorized the rumored four-year, $44MM contract as "unequivocally false," reports Stark (Twitter links).

The Phils are interested in Jonathan Papelbon, tweets Jon Heyman of SI.com, so if talks with Madson don't work out, Pap may be their new target.

The Phils' reported near-deal with Madson has unfolded curiously since the story broke on Tuesday afternoon. The holdup in it becoming official was apparently that Phillies president David Montgomery had not approved the terms. Heyman tweeted earlier this afternoon that there was little optimism that Montgomery would sign off on the pact, which had become a hot topic of discussion. There was a split among executives and agents regarding whether it would have been a good deal.

We've not yet heard rumors strongly tying Papelbon to any club, although we heard Tuesday that his name has come up during the Blue Jays' internal discussions. The right-hander, who has spent his entire career to date with the Red Sox, figures to command one of the two biggest free agent contracts for closers, along with Madson.

NL East Notes: Prado, Cuban, Madson

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There’s been lots of chatter about Martin Prado and Ryan Madson this week. Prado could be traded and Madson may or may not sign a lucrative new deal with the Phillies. Here are the latest updates from the NL East…

  • The Rockies aren't the only team to inquire on Prado, according to Jon Heyman of SI.com (on Twitter).
  • David O'Brien of the Atlanta Journal-Constitution wonders if Mark Cuban would have interest in buying the Braves should they hit the market at some point. Just as importantly, would MLB have interest in letting Cuban buy a team? The Dallas Mavericks owner has a reputation for challenging the status quo. 
  • Executives and agents are split on whether $44MM in guaranteed money is too much for Madson, according to Heyman (Twitter links). The Phillies had been nearing a four-year deal for the closer that would have included a vesting option for 2016, but there's not much optimism that Philadelphia CEO David Montgomery will approve the deal, Heyman reports.
  • MLBTR’s Mike Axisa checked in on the Mets earlier today.

Minor Moves: White Sox, Indians, Valdes

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The latest minor moves…

  • The White Sox announced that they signed left-handers Donnie Veal and Jose Quintana. Veal, 27, posted a 4.22 ERA with 8.7 K/9 and 4.2 BB/9 in the Pirates' system this past season. Quintana, 22, posted a 2.91 ERA with 7.8 K/9 and 2.5 BB/9 for the Yankees' Class A team in 2011.
  • The Indians announced that they signed catcher Michel Hernandez to a minor league contract and invited him to Spring Training. The 33-year-old hit .273/.384/.381 in the upper minors of the Indians' and Orioles' systems in 2011.
  • The Phillies have signed left-handed reliever Raul Valdes to a minor league deal that includes an invitation to Spring Training, according to Jon Paul Morosi of FOX Sports (on Twitter). Valdes pitched 12 total innings for the Yankees and Cardinals in 2011 after spending the 2010 season with the Mets. In 63 2/3 innings at Double-A and Triple-A this past season, Valdes posted a 4.38 ERA with 9.3 K/9 and 1.6 BB/9.
  • The Twins re-signed Brian Dinkelman to a minor league deal, according to Morosi (on Twitter).
  • The Brewers re-signed Erick Almonte, according to Jon Paul Morosi of FOX Sports (on Twitter). The 33-year-old utility player appeared in 16 games for the Brewers in 2011, playing first base and right field. Almonte spent most of the season at Triple-A, where he hit .303/.380/.447.
  • The Mariners signed right-hander Jeff Marquez to a minor league deal, according to his agency, Sosnick Cobbe Sports (via Twitter). Marquez, a first-round pick in 2004, was granted free agency by the Yankees last week.

Stark On Pujols, Fielder, Manny, Royals

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MLB executives expect Albert Pujols to re-sign in St. Louis, but predicting Prince Fielder’s next team is considerably more challenging. ESPN.com’s Jayson Stark surveyed a dozen MLB executives about likely landing spots for the two free agent first basemen and the details are worth examining. Here they are, along with more notes from Stark:

  • The average prediction for Pujols’ next contract was more than $28MM per season for 8.5 years. All but one respondent expect Pujols to re-sign with the Cardinals, though there’s buzz that the Cubs, Marlins and Rangers are “gearing up” for him.
  • Executives expect Fielder to sign a seven-year deal in the $22-23MM range. Some doubt NL teams would commit more than five years to Fielder because of concerns that he’ll be incapable of playing passable defense once he hits his mid-thirties.
  • Manny Ramirez tried out for the Fukuoka Softbank Hawks, but it didn’t go well, possibly because Japanese teams prefer to avoid players with baggage.
  • The players and owners are considering significant changes to the schedule in talks for a new collective bargaining agreement. The sides are considering a proposal that would split MLB teams into six divisions of five teams, ensure identical schedules for teams within the same division and boost inter-league play considerably.
  • Stark hears that the Nationals are focused on finding veteran starting pitching and a center fielder. One executive believes the team prefers Mark Buehrle to C.J. Wilson or Roy Oswalt.
  • The Phillies have interest in Jason Kubel and have checked in on Grady Sizemore. 
  • More than six teams have expressed interest in Jimmy Rollins.
  • The Braves seem interested in shedding salary and they continue to float Jair Jurrjens’ name. It appears that they’d move Martin Prado after his disappointing 2011 season.
  • Rival teams say the Royals are no longer looking to trade for a top-of-the-rotation starter, according to Stark. They acquired Jonathan Sanchez earlier in the week and now prefer to hold their prospects and spend on back-of-the-rotation arms.
  • The Red Sox are less likely to spend on a right fielder if they re-sign free agent DH David Ortiz.

Quick Hits: CBA, Fielder, Francis, Rollins

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Ryan Madson appeared to have a deal with the Phillies this time last night, but the sides haven't completed anything to date. Here are the details and here are your links for Wednesday night…

Ryan Madson Rumors: Wednesday

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The latest on free agent reliever Ryan Madson:

  • The Rangers, Red Sox and Nationals are expected to pursue Madson if the deal falls through, according to Jon Heyman of SI.com (on Twitter).
  • The Phillies may have decided to wait until the collective bargaining agreement is finalized before completing the proposed deal with Madson, according to Jon Paul Morosi of FOX Sports (on Twitter).
  • The sides never had an agreement in place, according to Ken Rosenthal of FOX Sports. The Phillies are reconsidering their options and could revisit discussions with Papelbon, according to Rosenthal.
  • A source says it's "highly unlikely" a Madson-Phillies deal gets done today, tweets ESPN's Jayson Stark.
  • This morning, Jim Salisbury of CSNPhilly.com tweeted, "Source close to Madson said Tuesday night there was no deal and talks were ongoing. Still believe Papelbon in picture."  Ken Rosenthal of FOX Sports says sources indicated this morning that the Phillies are reconsidering their options.
  • SI's Jon Heyman tweeted early this morning that Phillies GM Ruben Amaro Jr. agreed to a four-year, $44MM deal with Madson, but told agent Scott Boras he'd need the approval of team CEO David Montgomery, which still has not been given.  Heyman says Madson signed off on the deal, but the SI writer doesn't know if the contract is in jeopardy.  He adds that the Phillies had talks with Jonathan Papelbon as recently as Monday.
  • Tuesday afternoon, Jim Duquette of MLB Network Radio tweeted that he was hearing the Phillies were closing in on a four-year deal with Madson that could include a fifth-year vesting option.  Soon after, Yahoo's Tim Brown tweeted, "Confirming Madson with Phils, 4 for 44 mil. Fifth-year option worth 13 mil," clarifying, "Those are numbers and years Madson and Phils talking. Close, not done yet."

Latest On Yoenis Cespedes

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The market is strong for Cuban defector Yoenis Cespedes, who currently resides in the Dominican Republic.  The paperwork required for the center fielder to play baseball in the United States should be done this month, advisor Edgar Mercedes told Kevin Goldstein of Baseball Prospectus.  Said Mercedes, "I'm confident that he'll be in spring training with a major league club."  

Private workouts are beginning this week, with a large Marlins contingent scheduled to visit Thursday.  The Yankees, Red Sox, Phillies, Indians, Blue Jays, and Pirates are among the teams that will visit in the coming weeks, Mercedes told Goldstein.  Mercedes also answered questions about the legendary showcase video he produced for Cespedes.   

On Monday, the Rangers, Tigers, Nationals, and Athletics were named as other clubs interested in Cespedes, who is represented by Adam Katz of Wasserman Media Group.

 

Phillies, Madson Nearing Four-Year Deal

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WEDNESDAY, 12:20am: Phillies GM Ruben Amaro Jr. and Madson have agreed to a four-year, $44MM deal, tweets SI's Jon Heyman.  The contract has been awaiting the approval of Phillies CEO David Montgomery for over a day, however.

Meanwhile, a source close to Madson told CSNPhilly.com's Jim Salisbury Tuesday night that there was no deal and talks were ongoing.  Papelbon may still be in the picture.

TUESDAY, 5:07pm: Yahoo's Tim Brown confirms the sides are discussing a deal worth $44MM over four years plus a fifth-year option for $13MM (Twitter links). Nothing is official yet.

4:36pm: The Phillies are closing in on a four-year deal with Ryan Madson, according to Jim Duquette of MLB Network Radio (Twitter links). The contract could include a fifth year vesting option for the Scott Boras client. The sides seem to be discussing an annual salary of $11MM or so for Madson, according to Jon Heyman of SI.com (on Twitter).

Madson, 31, became Philadelphia's full-time closer in 2011, converting 32 saves. He posted a 2.37 ERA with 9.2 K/9, 2.4 BB/9 and a 48.8% ground ball rate in 60 2/3 innings of relief. He's a Type A free agent, but the Phillies won't have to surrender a draft pick to sign their own player. However, they would obtain two picks if the right-hander signs elsewhere after turning down arbitration.

If the deal goes through, it would help other free agent closers, none more so than Jonathan Papelbon. No reliever signed a four-year deal last offseason, although five pitchers signed three-year contracts. In fact, no reliever has signed a four-year deal since Scott Linebrink and Francisco Cordero four years ago. MLBTR's Tim Dierkes predicted last month that Madson had a shot at four years.

Bryan Grosnick examines the fantasy implications of the move at CloserNews.com, the destination for reliever-related fantasy baseball content.

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