From the Nevada Appeal:
Darrell Rasner Sr., Rasner’s father, said his son will resign with the Yankees. By not tendering a 2008 contract to Rasner, the Yankees will be able to remove Rasner from their 40-man roster.
But Rasner will still be invited to the Yankees Spring Training with a chance to make the 2008 Major League roster. Rasner’s father said his son will be given the chance to make the Big League club as a spot starter and long reliever.
Good news. Rasner wasn’t flashy, but he was pretty darn effective early last year before going down with a finger injury. He’s well-suited for a spot starter/long relief role (he throws strikes and keeps the ball in the park), and is a nice guy to have ready to go at the upper levels.
hat tip to commenter steve (a different one)