The Yankees are settling their affairs quickly before free agency officially begins this Saturday. They have already allowed Sergio Santos to leave in free agency and outrighted Diego Moreno off the 40-man roster. Stephen Drew, Chris Young, and Chris Capuano have left in free agency and they released Chris Martin, leaving the 40-man roster at 35 yesterday, but it wasn't going to stay that way.
They have also decided to decline the $2 million option they had on Andrew Bailey for the 2016 season.