Yankees decline options on Giambi, Pavano

More no-brainers came from today's session of the GM meetings.

The Yankees declined Jason Giambi's $22 million option and Carl Pavano's $13 million option, according to the AP.

Giambi will receive a $5 million buyout, while Pavano will receive $1.95 million.

Regarding Pavano, Mark Feinsand reported today that Brian Cashman isn't opposed to bringing back Pavano.

“When he’s healthy, he can pitch. We have to keep our options open,” Cashman said. “I’m not ruling anything out. We have needs, so we’ll have to go to the marketplace, be it free agency or through trades, to fill those needs.”

You can't make this stuff up.