- Associated Press - Monday, November 14, 2011

PHILADELPHIA (AP) - Jonathan Papelbon and the Philadelphia Phillies have completed a $50 million, four-year contract .

The former Boston Red Sox closer receives the largest contract ever for a reliever. He replaces Ryan Madson, who is also a free agent.

Papelbon turns 31 on Nov. 23. He had 219 saves over seven seasons with the Red Sox, including 31 this year, when he made $12 million. His contract includes a vesting option for 2016 that could become guaranteed based on games finished and would make the deal worth $63 million over five seasons.

The Phillies will introduce Papelbon at a news conference Monday night.



Click to Read More

Click to Hide