According to Ed Price of the Newark Star-Ledger, the Yankees declined their options on Jason Giambi and Carl Pavano as expected.
With Giambi, the Yanks chose his $5MM buyout over his $22MM option. For Pavano, they chose a $1.95MM buyout over a $13MM option. Either player could re-sign for less, though it's not likely.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Yanks Decline Options On Giambi, Pavano: