The Yankees today declined the options for Lance Berkman, Nick Johnson and Kerry Wood; excercised option for Andrew BrackmanThose options were $11M for Wood, $15M for Berkman, and $5.5M for Johnson, so these were obvious decisions for the Yanks. Berkman gets a $2M buyout and Johnson get $250K.
I do think they should look try to resign Wood, just not for anything near $11M.