Yankees exercise Cano, Granderson options

Updated: October 29, 2012, 9:30 PM ET
Associated Press

Baseball's business began Monday with the New York Yankees exercising $15 million options on second baseman Robinson Cano and center fielder Curtis Granderson, two of the disappointments in their AL championship series loss to the Detroit Tigers.

Oakland, the surprise AL West champion with a major league-low $59.5 million payroll, exercised a $4.5 million option for closer Grant Balfour and declined its half of a $10 million mutual option for shortstop Stephen Drew, who receives a $1.35 ...

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