Originally written on Ted's Army  |  Last updated 11/17/14

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The market may have been set for Jonathan Papelbon today when the Phillies agreed to terms with their closer, Ryan Madson, on a four-year, $44 million deal with an option for a fifth season.

Madson, 31, has an earned run average of 3.59 and 52 saves over parts of nine seasons. Papelbon, who turns 31 later this month, has a 2.33 ERA and 219 saves over seven seasons.

If Madson is worth $11 million a year, Papelbon could land a deal with an average annual value of $14 million.

Globe | Good news (and some bad) for Papelbon 

Abraham goes on to say that the bad news is that there is one less destination for Pap (Philadelphia), but that isn't nearly as important as the good side of this story.

Abraham wonders if Pap can get 4/56...well of course he can. The market has been set with a guy who was really good for one year and was otherwise a good set-up man. Pap doesn't start at 4/56 -- that's a worst-case scenario.

His agents will start with no less than 5/75, and probably with an option year. Madson gets a vesting option, and since Pap has been consistent and healthy, there is no reason for him to get a shorter deal.

The story around possible suitors doesn't concern me. Guys always get their money. How many teams were interested in Alex Rodriguez when he opted out of his hefty contract a few years back? The Yankees ponied up 10 years and $275 million, and I guarantee you the Brewers weren't sitting there with a 9-year, $250 million offer.

Pap's gonna get his money, and as I've been saying all along, it's gonna be a lot. Maybe too much, thanks to Philadelphia. The saving grace? The deal might not go through: Jon Heyman tweeted that the deal has been agreed to (between the GM and agent) for 24 hours, but Philly's CEO has yet to approve it. Perhaps it will be too rich for his blood...which we can only hope.

Globe | Red Sox to interview Lovullo on Friday, Lamont on Saturday | Red Sox keep ticket prices the same | Herald | Alomar, Lovullo, Lamont due up | No more tears or fears | Terry Francona and Cardinals meet | ESPNBoston | Red Sox announce next 3 interviews | Red Sox keep ticket prices the same after collapse | Source: Red Sox talked Carlos Beltran

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