The Texas Rangers will officially decline the 2017 club option of Derek Holland, making him a free agent, according to a report from T.R. Sullivan of MLB.com. The team will decline his option after failing to find a trade partner to acquire his services.
It had been known that Holland's days with the Rangers' organization were numbered after the club informed him at the end of October that they were not picking up his option for next year. His option next season was worth $11 million, but he will be paid a $1.5 million buyout fee.
According to Jon Heyman of FanRag Sports, a few teams did show interest in the 30-year-old left-hander, though no team pulled the trigger.
Despite him struggling to stay on the field with his knee and shoulder injuries over the past three years, he does look like a candidate to rebound from previous struggles. In 107 and 1/3 innings across 20 starts (two relief outings), Holland posted a 7-9 record, along with a 4.95 ERA, 4.75 FIP and a 91 ERA+, while striking out 67 batters.