On a conference call with reporters, Brian Cashman confirmed that the team did not exercise Andrew Brackman‘s option for 2012 and the right-hander is now a free agent. Had the Yankees picked up the option, they would have paid him a $1M salary in the big leagues and a $500k salary in the minors according to Keith Law.
Brackman should still be under team control as a pre-arbitration-eligible player since he has less than three years of service time, but a clause in his contract stipulated that the team must release him if they declined the option. Presumably, the Yankees could still re-sign their 2007 first round pick to a minor league deal or something. The 40-man roster now sits at 34, but Colin Curtis must still be activated off the 60-day DL.