Bryan Hoch reports that the options on Carl Pavano ($13 million with a $1.95 million buyout) and Jason Giambi ($22 million with a $5 million buyout) have been declined. No surprises there. Cashman left the door open as far as either player returning to the club.

Related to Giambi, sort of, Brian Cashman told Peter Abraham that he wants to sign a first baseman, rather than trying to convert someone - like Johnny Damon or Hideki Matsui - to the position.