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Griffey owed $4 million buyout after contract option declined

Updated: October 30, 2008, 4:10 PM ET
Associated Press

CHICAGO -- Ken Griffey Jr.'s $16.5 million option was declined Thursday by the Chicago White Sox, making the No. 5 home run hitter in major league history eligible for free agency.

Griffey is owed a $4 million buyout, which completes a $116.5 million, nine-year contract that he agreed to with the Cincinnati Reds before the 2000 season.

The 38-year old hit a combined .249 with 18 homers and 71 RBIs in 143 games last season for the Reds and the White Sox. Griffey batted .260 with ...

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