Former Red Sox reliever Jonathan Papelbon agrees to a four-year, $50 million free-agent deal to finish games for the Phillies. The contract is the richest ever signed by a closer, surpassing B.J. Ryan’s five-year, $47 million pact with the Blue Jays in 2005.

On November 14, 2011 — Former Red Sox reliever Jonathan Papelbon agrees to a four-year, $50 million free-agent deal to finish games for the Phillies. The contract is the richest ever signed by a closer, surpassing B.J. Ryan’s five-year, $47 million pact with the Blue Jays in 2005.

Sources:
National Pastime

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