|Yankees exercise Cano, Granderson options|
|Written by Admin|
|Monday, 29 October 2012 15:23|
Oakland, the surprise AL West champion with a major league-low $59.5 million payroll, exercised a $4.5 million option for closer Grant Balfour and declined its half of a $10 million mutual option for shortstop Stephen Drew, who receives a $1.35 million buyout.
The Los Angeles Dodgers, who haven't made the playoffs in three years, declined options on first baseman Juan Rivera ($4 million), right-hander Todd Coffey ($2.5 million) and catcher Matt Treanor ($950,000). Rivera gets a $500,000 buyout, Coffey $300,000 and Treanor $150,000.
Cano hit .313 with 33 homers and 94 RBIs during the regular season and Granderson hit 43 homers and drove in 106 runs, but had a career-low .232 average and a career-high 195 strikeouts. Cano batted .075 (3 for 40) in the playoffs with no homers and Granderson was 3 for 30 with 16 strikeouts.
Both can become free agents after the 2013 season.
In addition, the Yankees exercised a $500,000 option on reliever David Aardsma, who came back from elbow ligament-replacement surgery to pitch one inning at the end of the season.
Decisions on options are due by 11:59 p.m. EDT Friday, although some individual player contracts require they be made earlier.
Also Friday, teams have until 5 p.m. Eastern time to make $13.3 million qualifying offers to their players who became free agents. A player must have been with the team since the start of the season to be eligible.
If a player receives the offer, he has until Nov. 9 to accept it. A team is eligible to receive draft pick compensation if a player turns down the qualifying offer and signs a big league contract with another team before June's amateur draft.
This replaces the system of offering salary arbitration to free agents under the formula from the 1981 strike settlement.