Rob Neyer sums up what it means to be "out of options" in his classic Transactions Primer:
When you hear that a player is "out of options," that means he’s been on the 40-man roster during three different seasons, beginning with his fourth as a pro, and to be sent down again he’ll have to clear waivers.
Readers often ask me where to find a list of players who are out of options. If such a list is publicly available, I don’t know where to find it. With your help, let’s compile that list here. Please leave links in the comments if you can help fill in the gaps.
Updated 3-20-08 at 12:21pm CST.
Athletics – Dan Johnson, Andrew Brown, Santiago Casilla, Rob Bowen, Donnie Murphy
Angels – Nathan Haynes, Chris Bootcheck
Blue Jays –
Brewers – Gabe Gross
Cubs - Ronny Cedeno, Geovany Soto, Angel Guzman
Giants – Rajai Davis, Fred Lewis, Erick Threets, Merkin Valdez
Mets – Ruben Gotay
Nationals – Joel Hanrahan
Padres – Paul McAnulty
Phillies - Clay Condrey, Greg Dobbs, Chad Durbin, J.D. Durbin, John Ennis, Chris Snelling, So Taguchi, Jayson Werth
Rays – Edwin Jackson, Jason Hammel, Carlos Pena, Jonny Gomes, Gary Glover, Scott Dohmann, Willy Aybar
Royals - John Bale, Jorge De La Rosa, Jimmy Gobble, Luke Hudson, Ron Mahay, Gil Meche, Leo Nunez, John Buck, Alberto Callaspo, Joey Gathright, Esteban German, Ross Gload, Jose Guillen, Justin Huber, Tony Pena Jr.
Twins – Brian Bass, Carmen Cali, Boof Bonser, Garrett Jones
White Sox – Nick Masset, Gavin Floyd