MILWAUKEE — Turns out Jonathan Papelbon's deal was not for $50 million.
The Phillies have officially signed their new closer for four years and $50,000,058. There is a vesting option for a fifth year, and Papelbon will be introduced to reporters in Philadelphia later this afternoon alongside Ruben Amaro Jr. and Charlie Manuel.
The total possible value of the deal, according to an industry source, is $63,000,058. Papelbon's vesting option for 2016 is worth $13 million. It will vest if Papelbon finishes 55 games in 2015 or a total of 100 games from 2014-15. That is games finished, not games saved.
Papelbon will wear No. 58, last worn by Antonio Bastardo.