The Phillies have agreed to terms with Brad Lidge on a three year extension worth 37.5 million dollars.  There is also a club option for 2012, and performance incentives for Lidge sprinkled throughout the deal.  The most recent example of a top-notch closer signing is Cordero with the Reds.  He got 4 years and 46 million.  That is a ton of money, but does seem to be the going rate.  I am positive that Rodriquez of the Angels will command an even larger contract in free agency.