Joel Sherman reports that there is a strong likelihood that the Yankees will release Carl Pavano before November 20, in order to free up his spot on the 40 man roster before the Rule V draft.

2008 is the final year of Pavano's 4 year, $39.95 million dollar contract. He's set to make $11 million. There is a $13 million dollar club option with a $1.95 million dollar buyout. So, we're on the hook for $12.95 million.