• KYW News 4:30-7am
    04:00 AM - 07:00 AM

    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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