The Phillies have agreed to sign Jonathan Papelbon, according to Jim Salisbury of CSNPhilly.com (on Twitter). The deal is pending a physical. The Phillies appeared to have a deal with Ryan Madson earlier this week, but talks fell through and the sides didn't complete the rumored four-year, $44MM deal.
Papelbon, 30, posted a 2.94 ERA with 12.2 K/9 and 1.4 BB/9 in 64 1/3 innings for the Red Sox in 2011, saving 31 games. He's a Type A free agent who will cost the Phillies their first round pick in 2012. Boston will obtain the 31st overall pick in the 2012 draft unless the Phillies sign an additional Type A free agent with a higher ranking than Papelbon. If the Phillies lose Madson to another team after offering him arbitration, they'll surrender one pick and gain two.