Phillies ink Madson to 3 Year Deal

One day after locking up their ace Cole Hamels for the next three years, the Phils did the same with their top set-up man, Ryan ‘MadDog’ Madson.phillies-logo

The team and Madson have agreed to a three-year, $12 million extension, pending a physical. The deal calls for Madson to receive a $1 million signing bonus, $2 million this season, $4.5 million in 2010 and $4.5 million in 2011.  He can earn $1.5 million annually in performance bonuses if he becomes a closer: $150,000 each for 30, 35, 40 and 45 games finished; $200,000 each for 50 and 55, and $250,000 each for 60 and 65.

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