Eric Gagne has been granted his release by the Dodgers, tweets Dylan Hernandez of the Los Angeles Times. Gagne's contract included an out-clause, though he initially accepted his demotion to the minors last week.
The Dodgers signed the 34-year-old to a minor league deal in mid-February. Gagne was set to earn $500K if he managed to break camp with the team and up to $500K in incentives. The Rockies also offered Gagne a minor league contract around the same time.
Gagne's last stint in the majors was with Milwaukee in 2008, where he posted a 5.44 ERA with 7.4 K/9 and 4.3 BB/9 in 46.1 innings.