The Angels have signed Ryan Madson to a one-year contract according to multiple reports, and the deal will pay the right-hander a $3.5M base salary. He can earn another $2.5M in roster bonuses (based on days on the active roster) and $1M in incentives (bases on games finished).
The 32-year-old Madson was one of two formerly-elite relievers recovering from Tommy John surgery on the free agent market this winter, joining Joakim Soria. Soria, 28, has indicated a willingness to setup for the Yankees just so he could be around his idol Mariano Rivera, and now we have an idea of what it would take to sign him. Soria is several years younger than Madson with a much longer track record in the closer’s role (saves pay) though, but he’s also coming off his second Tommy John surgery. It would be a pretty big coup if the Yankees could add him to their bullpen with a similarly structured contract, say a one-year deal worth $5M with another $3M in bonuses.