SATURDAY, 11:05am: Cust has accepted his outright assignment to the minors according to the team. Smart move, I'm not sure he would have been able to find another $2.65MM on the free agent market.
12:19pm: Slusser counter-tweets that Cust's camp says a decision has not been made and it may take a few more days. She explains in an article that Cust is likely to accept the assignment, as he won't receive his $2.65MM if he doesn't.
FRIDAY, 10:42am: Cust has accepted the assignment to Triple A, reports CSNBayArea.com's Mychael Urban.
THURSDAY, 10:25pm: Cust cleared waivers, tweets Slusser, but it's not yet known whether he'll accept an assignment to Triple A.
SATURDAY, 7:11pm: The Athletics have designated Jack Cust for assignment, according to Susan Slusser of The San Francisco Chronicle (via Twitter). Slusser mentions that if he clears waivers, he would consider a minor league assignment to remain with the team.
Oakland non-tendered Cust back in December, then re-signed him to a one year, $2.65MM deal in January. The 31-year-old has seen his performance decline each year since his 2007 breakout campaign, bottoming out at .240/.356/.417 with 25 homers last year. He's led the American League in strikeouts each of the last three seasons, though the power and on-base numbers have continued to decline, and he's never had any defensive value.
With both Travis Buck and Jake Fox making the team, there was just no room for Cust and his limited skill set. Any team that were to claim him off waivers would assume the full $2.65MM on his deal, but would still have another year of team control.