"Ryan Madson is a closer that ... has performed in a large market, performed in the playoffs, performed at high levels, one of the few closers at that age  and has the combination of a 95-mph fastball and a changeup," Boras said here at the Winter Meetings. "I think we've seen a lot of teams that have dismissed the expenditure required to sign a player of that caliber. Much like the starting-pitching market, we haven't seen a lot of activity in that until maybe today. I think we'll just have to wait in time to see how that filters out."Madson went 47-30 with a 3.59 ERA and 52 saves in 491 appearances in nine seasons with the Phillies. He went 4-1 with a 2.37 ERA and 32 saves in 34 opportunities in his first season as a full-time closer in 2011. Because Madson is a Type A free agent, Philadelphia will receive the signing team's top Draft pick, plus a compensatory pick between the first and second rounds in the 2012 First-Year Player Draft.
As expected, Jimmy Rollins and Raul Ibanez also declined their salary-arbitration offers from the Phils.
Todd Zolecki is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.