Some scouts are "convinced the Yankees are going to release Sergio Mitre," reports Joel Sherman of the New York Post. The club has two open rotation spots and one long relief job, which could go to Freddy Garcia, Bartolo Colon, and Ivan Nova in some combination.
If the Yankees release Mitre prior to March 28th, he'd only be due 45 days termination pay, which on his $900K salary equals $222,527. If they release him after that they'd owe the full $900K, less the prorated portion of the league minimum if he signs elsewhere. So either way the bill to let Mitre go should be less than $500K.
Mitre, 30, owns a 5.03 ERA, 5.2 K/9, 2.5 BB/9, and 1.4 HR/9 in 105 2/3 big league innings across two seasons for the Yankees, tossing another 68 innings in the minors. He's been homer-prone despite strong groundball rates. Mitre had Tommy John surgery in July of 2008, earning a release from the Marlins a few months later. He signed a split contract with the Yankees that November. While rehabbing his elbow, Mitre picked up a 50-game suspension for violating MLB's drug policy. Later in his Yankees career, he was retained for the '10 and '11 seasons as an arbitration eligible player.