"Jon Heyman of CBSSports.com reports the Reds have reached a deal with pitcher Ryan Madson.

Heyman says it's a one-year deal. According to USA Today's Bob Nightengale, the deal in excess of $10 million.

Madson has a 2.89 ERA over the past five seasons. Last year with the Phillies, he saved 32 games in 34 chances.

The Phillies had a four-year, $44 million deal lined up with Madson in Novemeber. However, talks between Phillies general manager Ruben Amaro Jr. and agent Scott Boras broke down and the deal fell through. Philadelphia then signed Jonathan Papelbon to a four-year deal."