New York Post - Carl Pavano spoke to Brian Cashman on Friday at the Stadium and said he is going to accept a minor-league assignment after the Yankees release him from the final year of a disastrous four-year, $39.95 million contract.
Under the release plan, Pavano would get the $11 million he is owed for the 2008 season and the $1.95 million buyout he would have coming to him because the Yankees aren't going to pick up a $15 million option for 2009.
Pavano is leaning toward accepting the Yankees' minor-league offer so he can have a place to rehab his elbow. By keeping him in the system, the Yankees protect themselves from Pavano healing ahead of schedule and pitching effectively for another team. [READ]
Good move for the Yanks. They save some money and protect themselves in case Pavano somehow returns to being a useful pitcher.