We’ve known for a while that both Freddy Garcia and Bartolo Colon have the ability to become free agents if they don’t make the Yankees out of Spring Training, but now we have some actual dates thanks to Ken Rosenthal. Garcia can opt out of his minor league deal on March 29th (next Tuesday) while Colon can do so on Opening Day, March 31st (next Thursday). If the Yankees plan on releasing Sergio Mitre, they’ll have to do it before March 28th (next Monday) to avoid paying him his full season salary ($900,000). In that case they’d only owe him 45 days termination pay.
I suspect the opt-outs won’t be that big of a deal, the Yankees are going to need to make a decision about the fourth and fifth starters very soon, by the end of the weekend at the latest simply because there are only so many games left in Spring Training. They need to start lining guys up and stretching everyone out to maximum capacity.