Phillies and Papelbon Agree to Deal

(AP) — The Philadelphia Phillies have a new closer.

A person familiar with the negotiations tells The Associated Press the Phils and Jonathan Papelbon have agreed to a four-year deal worth $50 million, the largest contract ever given a closer. The pact is pending a physical.

Papelbon had 219 saves over seven seasons with the Boston Red Sox, including 31 this year.

The agent for incumbent closer Ryan Madson and Phillies general manager Ruben Amaro Jr. were close to a $44 million, four-year deal on Monday, but Amaro told Scott Boras the following day that team president Dave Montgomery wouldn’t approve the deal.

Source: Associated Press