Because the 33-year-old has five or more years of major league service, he cannot be assigned outright to a minor league team without his consent. Any team wanting Reyes likely would wait for Colorado to release him and then sign Reyes for a prorated share of the $507,500 major league minimum, with the Rockies responsible for the rest At the time of the announcement, Reyes was owed $12,021,858 of his $22 million salary this year. DENVER—Rather than activate Jose Reyes following his domestic violence suspension, the Colorado Rockies cut the shortstop on Wednesday and almost certainly will be responsible for the $34 million remaining on his contract. Colorado reinstated the four-time all-star from the restricted list on Wednesday and immediately designated him for assignment, giving the Rockies 10 days to trade Reyes or release him.

Source: thestar June 15, 2016 18:10 UTC