At MLB Trade Rumors, Tim runs down his list of players who are out of options. My only issue is that it covers players not on the 40-man roster. The only way option status affects those players is if they make the team out of spring training, and then the team later wants to option the player. Since we’re not thinking quite that far ahead yet, we can just look at the 40-man and determine who has options and who does not. Remember, too, that a player who was added to the 25-man roster three years ago must clear waivers before being sent on an optional assignment.
For the Yankees, Tim lists Chad Gaudin and Sergio Mitre as optionless players. Edwar Ramirez also appears to be out of options, but he might have one left. The Yankees certainly used options in 2007 and 2009. In 2008 they optioned him to AAA Scranton to start the season, but recalled him on April 18, sent him down the next day, and recalled him for good on April 29. Boone Logan is another case to examine a bit further. The Yankees were granted a fourth option for Juan Miranda, so he can start the season in Scranton as well.