From the AP:

Closer Braden Looper’s $5.5 million option was declined Monday by the New York Mets, who will pay the reliever a $250,000 buyout.

New York also exercised right-hander Steve Trachsel’s $2.5 million option and declined a $4 million option on first baseman Doug Mientkiewicz, who gets a $450,000 buyout.

And now the attempts to overpay BJ Ryan or Trevor Hoffman can begin in earnest.

The White Sox have exercised a $1.2 million option on reliever/Journey lover Cliff Politte, along with declining the club option for ’06 on noted paleontologist Carl Evertt.