The Orioles announced that right-hander Mychal Givens has been reinstated from the 60-day injured list and designated for assignment.
Givens, 33, signed a one-year deal in the offseason with a $5MM guarantee. Unfortunately, injuries have prevented him from providing much of anything this year. He began the season on the injured list thanks to left knee inflammation. He was activated in May but returned to the IL after just six appearances, this time due to right shoulder inflammation, eventually getting transferred to the 60-day version of the IL.
He seems to be healthy again, as he began a new rehab assignment a couple of weeks ago. But the O’s seem to have decided they don’t have room for him on their roster and have cut him loose instead. As a veteran with more than five years of service time, he can’t be optioned to the minors. He also has the right to reject an outright assignment in favor of electing free agency while retaining all of his salary.
The deal that he signed came with a $3MM salary here in 2023 and then there’s a $6MM mutual option for 2024. If Givens declines his end of the option, he would receive a $1MM buyout. If he triggers his end and the team declines, it’s a $2MM buyout. There’s still about $790K of that salary left to be paid out, as well as the buyout/option. Given his health issues this year and that money, he’ll almost certainly clear waivers, leaving the Orioles responsible for that cash.
That will allow any of the 29 other clubs to sign him and pay him just the prorated league minimum for any time spent on the roster, with that amount subtracted from what the O’s pay. Although he’s been injured for much of the year, other clubs could still be interested based on his previous track record. Givens has a career ERA of 3.47 over 425 appearances dating back to 2015, striking out 28.2% of hitters while walking 10%.