The Yankees have designated right-hander Cory Wade for assignment, according to Mark Feinsand of the New York Daily News (via Twitter). In a related move, Dellin Betances was reinstated from the 60-day disabled list to play in the Arizona Fall League.
Wade, 29, appeared in 79 games for the Yankees across the last two years, posting a 4.23 ERA with 7.8 K/9 and 1.8 BB/9 during that stretch. The reliever spent his first two big league seasons with the Dodgers and had a brief minor league stint with the Rays before joining the Bombers in June of 2011.
Wade would have been eligible for arbitration for the first time this offseason had he not been designated for assignment.