Former Phillie Ryan Madson Signs 1-Year Deal with Reds

Free-agent closer Ryan Madson and the Cincinnati Reds reached an oral agreement on an $8.5 million, one-year contract, according to a person familiar with the deal.

Sources: Phils Reach Deal with Free Agent Papelbon

The Phillies have reached a contract agreement with free-agent closer Jonathan Papelbon, pending a physical, multiple sources tell CSNPhilly.com.