The Yankees have declined their 2011 options for Kerry Wood ($11M), Lance Berkman ($15M), and Nick Johnson ($5.5M), the club announced today. Puma gets a $2 million buyout, Johnson $250,000. As far as I can tell, Wood gets nothing. None of these should come as surprises, and in fact one of the conditions of Berkman’s accepting the trade to New York was that the team had to decline his option. I guess he really didn’t want to stick around. The Yanks could try to bring Wood back, but that salary is far too rich for a setup man.
The Yanks did pick one option today: Andrew Brackman’s. I have no idea what the money is on that, but it’s not substantial. Even if they would have declined it, he’s still under team control for five more years. They also hold options for 2012 and 2013 as part of the big league deal Brackman signed out of the draft in 2007.