Phillies, Madson agree to contract extension

January 19, 2009 10:41:59 AM PST
Ryan Madson is getting a raise and a ring.

The Phils have reportedly signed the righty reliever to a three-year deal worth at least $12 million. The contract includes incentive, meaning he could earn more.

Madson made $1.4 million this past season. He went 4-2 with a 3.05 ERA in the regular season, appearing in 76 games. Madson had a lights-out post-season, going 3-0 with a 2.13 ERA.