Another arbitration eligible closer agrees to a contract:

The Atlanta Braves avoided arbitration with relief pitcher Mike Gonzalez on Monday, agreeing on a one-year, $3.45 million contract.

Mike only pitched half a season in 2008 but is likely to serve as the Braves closer in 2009. It's been a great day for closers getting contracts.

Update: It's even a good day for setup men as the Phillies reach a three-year deal with Ryan Madson.

Reliever Ryan Madson and the Philadelphia Phillies avoided arbitration by reaching a preliminary agreement on a $12 million, three-year contract, a person familiar with the negotiations said Monday.

Madson keeps his walks low and posted a 3.05 ERA in consecutive seasons.

Update: Kevin Gregg also receives a very nice contract, $4.2 million. Gregg doesn't have the best control, but batters find him difficult to hit.