Rockies To Decline Cook’s Option; Giambi To Exercise His

As our Offseason Outlook shows, the Rockies only have two option decisions to make this winter, and Troy Renck of The Denver Post says both appear to have already been made. The team will decline their end of Aaron Cook's $11MM mutual option, and Jason Giambi seems set to exercise his end of a $1MM mutual option. We learned that the team intends to exercise their end of Giambi's option last month.

Cook, 33 in February, has thrown just 382 2/3 innings over the last three seasons due to various injuries. He's pitched to a 4.94 ERA during that time with 4.39 K/9, 3.21 BB/9, and a 56.7% ground ball rate. The team will pay him a $500K buyout, and Renck says they do have interest in bringing him back as long as it's on a low-risk contract.

Giambi, 41 in January, hit .260/.355/.603 with 13 homers in just 152 plate appearances this past season. He drew a lot of interest both before and after the trade deadline, but has talked openly about enjoying his time in Colorado. He'll return as the backup first baseman and pinch-hitter extraordinaire in 2012.

Last night we learned that all option decisions – regardless if it's team, player, or mutual – must be made by 11:59pm ET on Monday, October 31st.