Feb 17, 2012, 1:40 PM EST
UPDATE: No word yet on the cause of the failed physical, but the Yankees have released Okajima.
Waldstein speculates that the Yankees will void his contract and make the 36-year-old reliever a free agent again, although it’s also possible that they could simply alter the terms of the contract and keep him around in the minors.
Okajima pitched his way out of the Red Sox’s plans after three seasons as a top-notch setup man, but was excellent at Triple-A last year with a 2.29 ERA and 49/8 K/BB ratio in 51 innings.
- Report: Two agents rumbled in the parking lot at the Winter Meetings 28
- Mets sign 40-year-old Bartolo Colon for two years, $20 million 38
- MLB rules committee decides to eliminate collisions at home plate 56
- Mariners sign Corey Hart to incentive-laden deal 28
- David Price would not consider an extension with the Mariners if he’s traded there 35
- Robinson Cano agrees to $240 million deal with Mariners (260)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- Report: Yankees have agreed to a three-year deal with Carlos Beltran (125)
- Brett Gardner is drawing “significant” trade interest (113)
- Managers, GMs to meet today to discuss the abolition of home plate collisions (113)