3:20pm: Alderson confirms Farnsworth has been released, but could be re-signed in a couple of days, tweets Rubin. MLB.com's Anthony DiComo tweets the Mets tried to re-sign him today, but there may be interest from another club.
1:20pm: Rubin tweets a source tells him Farnsworth and the Mets are in talks presumably discussing a minor league deal with an in-season opt out.
11:47am: Kyle Farnsworth has decided to exercise the out clause in his contract with the Mets, agent Barry Meister told Adam Rubin of ESPNNewYork.com. The reliever was informed by GM Sandy Alderson and assistant GM John Ricco earlier today that he would not be on the Opening Day roster.
"The Mets gave him every opportunity and we are very appreciative of the way Sandy and John handled the situation," Meister said.
Farnsworth, 38 in April, spent last season with the Rays and Pirates, posting a combined 4.70 ERA with 6.6 K/9, 2.3 BB/9 and a 45.5 percent ground-ball rate. ERA estimators such as FIP (4.14), xFIP (3.73) and SIERA (3.64) all feel that Farnsworth was better than the 4.70 mark indicates. However, he also posted his lowest K/9 rate since his rookie season in 1999 and his 92.6 mpg average in fastball velocity was a career-low.
Edward Creech contributed to this post.