The LoHud Yankees Blog

A New York Yankees blog by Chad Jennings and the staff of The Journal News

Yanks decline options on Giambi, Pavano

Posted by: Peter Abraham - Posted in Misc on Nov 04, 2008 Print This Post Print This Post | Email This Post Email This Post

It’s official now, the Yankees have declined the 2009 contract options of Jason Giambi ($22 million) and Carl Pavano ($13 million). The Big G will receive a buyout of $4 million. Pavano receives $1.95 million.

The Yankees can sign either player to a new deal if they want. That is unlikely.

Curiously, the Yankees did not announce their intentions regarding Damaso Marte, who has a $6 million option. That suggests they may in the process of trying to sign him to an extension.




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