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Report: Phillies sign Papelbon

According to ESPN, the Phillies have reached an agreement with closer Jonathan Papelbon.

The Phillies have reportedly found their ninth-inning guy — and his name isn't Ryan Madson.

The team and former Red Sox closer Jonathan Papelbon have agreed on a four-year, $50 million deal pending a physical, according to ESPN's Jayson Stark. The contract includes a vesting option that could increase the sum to $60 million. If true, it would be the largest total package ever signed by a relief pitcher.

Papelbon, 30, has spent his entire career with the Boston Red Sox, racking up 219 saves and a 2.33 ERA, with a 1.02 WHIP.

The Phillies were reportedly close to a four-year, $44 million deal to keep last year's closer, Ryan Madson, in red pinstripes. However, team president Dave Montgomery wouldn't sign off on it. Madson converted 32 of 34 save opportunities in his first full year as the closer.

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