I had been down on Walt since the trade dealine inactivity in 2010. He has really made 3 (!) nice moves this offseason.
The Reds have had ~$10M to spend this offseason. They just haven't spent it until now.
Madson lost a game of musical chairs. I am guessing he decided to go on a 1 year deal so he can reenter the market next offseason. This works out well for both sides.
--------------------------------------------------------------------------
This has been a very exciting month to be a Reds fan. The Cards & Brewers took hits and the Reds made aggressive moves. I think the Reds are a 90+ win team and the favorites on paper to win the NL Central this year.