Found January 11, 2012 on Ted's Army:
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If any doubt remained about the Reds' intentions for the 2012 season, it disappeared this evening -- they're going for it. GM Walt Jocketty continued adding to his new-look pitching staff by agreeing to terms with Ryan Madson on a one-year deal. Scott Boras represents the right-hander, who figures to become the closer in Cincinnati's bullpen.

Jon Heyman of CBSSports.com first reported the move (on Twitter). Mark Sheldon of MLB.com reports that the deal is worth exactly $10MM.

MLBTradeRumors | Reds to sign Ryan Madson

Well, it's not the huge deal the Phillies almost gave him before they turned to Jonathan Papelbon, but it sure is a lot of money for a guy who hasn't closed much. 

The Sox were allegedly still in on Madson, but they obviously wouldn't have gone to this kind of money, so this isn't really a loss for us. What it is is affirmation.

The deals for Andrew Bailey and Mark Melancon, which already looked pretty good, look better in my eyes. Sure, we had to give up some players, but they were low-ceiling players. With the budgetary issues we allegedly have, and the value we place on relief pitching, being able to acquire two solid relievers under team control for cheap looks like the right move.

Maybe Madson's better, but I wouldn't be comfortable giving him that kind of money (considering we have limited resources compared to what we've already spent). If we're going to use that money, it would be best on a starter at this point, but that's looking less likely to happen the more time goes on. Check Sean McAdam's story in the links for more on that point.

Herald | Time for Red Sox to step up to the plate | Globe | Ask Nick: Will Crawford deal affect Sox' ability to re-sign Jacoby? | CSNNE | McAdam: Sox saving their money

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