The Phillies have declined their half of Placido Polanco's $5.5MM mutual option, the team has announced. Polanco will instead receive a $1MM buyout and become a free agent.
Polanco, who turned 37 shortly after the regular season ended, earned $6.25MM in 2012 -- the final guaranteed season of a three-year, $18MM contract he signed back in December 2009.
The veteran struggled to the tune of a .257/.302/.327 batting line with a mere two home runs. A pair of back injuries led to two stints on the disabled list, limiting Polanco to 90 games. That total was his lowest since playing a partial season for the Cardinals at age 23 in 1999.
His defense remained a plus according to both UZR (+8.1 runs per 150 games) and the Fielding Bible (+2 runs). Polanco shifted to third base after signing with Philadelphia to accommodate Chase Utley, but he has extensive experience at second base as well.
For his career, the ACES client is a .299/.344/.403 hitter. He's split his Major League service time between the Cardinals, Phillies and Tigers. Earlier today, the Phils picked up their option on Carlos Ruiz and declined their options on Ty Wigginton and Jose Contreras.