Carl Pavano is still mulling a Yankees' proposal to release him and then re-sign him to a minor league contract. He said Monday he is not close to a decision. "I'd be giving up a lot of options if I signed a minor league deal," Pavano said. Pavano and his new representative Tom O'Connell met with officials from the Major League Players' Association in New York on Monday to discuss those options. Pavano, 31, from Southington, has one year left on his contract, and the Yankees owe him $12.95 million, including a $1.95 million buyout of his 2009 option. At the moment, he is on their 40-man roster and cannot be taken off unless he is released.