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Here's Why Jonathan Papelbon Isn't Worth $50 Million

Jonathan Papelbon
Mark L. Baer/US Presswire

Two days ago, when the Phillies appeared on the verge of handing Ryan Madson a lucrative, four-year contract, I started teeing up a detailed post about long-term deals for relief pitchers, complete with data showing how more often than not, those deals didn't work out. Then ESPN SweetSpot maestro Dave Schoenfield beat me to it.

With the Phillies choosing to sign Jonathan Papelbon to a four-year, $50 million deal with a vesting option instead of retaining Madson, the opinion stays the same: This wasn't the best way to spend their money.

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