The Royals announced that they've declined their 2013 option for Joakim Soria. The reliever, who missed the entire 2012 season to undergo Tommy John surgery, is now a free agent. He obtains a $750K buyout instead of an $8MM salary.
Soria established himself as an elite reliever in the five seasons preceding 2012. Though he struggled in 2011, his career numbers are excellent -- a 3.40 ERA with 9.7 K/9 and 2.5 BB/9 in 298 total appearances. If the Royals had exercised his 2013 option they would have kept the rights to a 2014 option valued at $8.75MM.