Wednesday, November 5, 2008

Dodgers free up cash by declining Penny's option

Dodgers free up cash by declining Pennys option

Penny

The Los Angeles Dodgers, needing money for other pursuits, have declined an $8.75 million option for 2009 on pitcher Brad Penny.

Penny will get a $2 million buyout from the Dodgers. The right-hander is now eligible for free agency.

Penny, 30, went 6-9 with a 6.27 ERA in 17 starts and two relief appearances for L.A. in 2008. He was bothered by shoulder problems for much of the year and went on the disabled list three times: from June 17 to Aug. 8, Aug. 14 to Sept. 10, and Sept. 24 through the end of the season. He was 16-4 with a 3.03 ERA in 2007.


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