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Phillies Complete Deal With Jonathan Papelbon

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(Jonathan Papelbon reacts after striking out a New York Yankee on September 25th.  Credit: Christopher Pasatieri/ Getty Images)

(Jonathan Papelbon reacts after striking out a New York Yankee on September 25th. Credit: Christopher Pasatieri/ Getty Images)

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    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 November 23rd.  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 were preparing to introduce Papelbon at a news conference tonight.

    (Copyright 2011 by the Associated Press.  All rights reserved.)

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