Deal for Reds and Madson

UPDATE — A baseball source confirmed to MLB.com that the Reds and Ryan Madson agreed to a one-year, $10 million contract.

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According to several reports, the Reds have agreed to terms late Tuesday on a one-year contract with free agent closer Ryan Madson. CBSSports.com’s Jon Heyman reported it first. I am still trying to confirm this myself and have several calls out.

Citing sources, Heyman earlier in the evening that talks between the two sides were heating up and in the serious stages. However, a source familiar with the situation had downplayed the report to MLB.com, saying it was unlikely the Reds would get Madson unless his agent — Scott Boras — came well off the demand of a four-year, $44 million contract he had been reportedly been wanting.

And with this seeming to be a one-year deal for Madson, that certainly appears to be the case. USA Today reports the deal is worth in excess of$10 million.

The Reds have not announced any agreement. A message was left with general manager Walt Jocketty.

– Mark Sheldon