Reds, RHP Madson agree on 1 year, $8.5M (AP)

[ASFN Admin]

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. Madson saved 32 games in 34 chances last year for NL East champion Philadelphia. CBSSports.com was the first to report the right-hander's agreement with Cincinnati.

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