Nov 03, 2006 10:11 PM EST

Eric Gagne's $12 million option was declined Friday by the Dodgers, making the former NL Cy Young Award winner a free agent.

The Dodgers will pay $1 million to buy out the final year of Gagne's contract, but could attempt to re-sign him at a lower guaranteed salary. Gagne had filed provisionally for free agency on Tuesday.

Via AP