Byrd will likely not have his $8 million option exercised by the Giants, Jon Heyman of CBS Sports reports.

EDGE Analysis

This doesn't come as much of a surprise considering Byrd was benched towards the end of the year and the Giants already have a plethora of outfield options available on their roster. Byrd did smack 23 home runs in 2015 (four with the Giants) so he will likely command some interest on the open market, but it remains to be seen who might be interested in the 38-year-old.