The Reds agreed to terms late Tuesday on a one-year, $10 million contract with free-agent closer Ryan Madson, a baseball source confirmed to MLB.com.
Jon Heyman of CBSSports.com and MLB Network had the initial report of a deal being reached. The Reds have not announced any agreement. A message was left with general manager Walt Jocketty.
Citing sources, Heyman reported earlier in the evening that talks between the two sides were heating up and in the serious stages. However, a source familiar with the situation downplayed the report to MLB.com, saying it was unlikely the Reds would get Madson unless his agent -- Scott Boras -- came well off the demand of a four-year, $44 million contract he had reportedly been wanting.
Read more- Reds come to agreement on one-year deal with closer Ryan Madson | MLB.com: News