Byrd's $8 million option for the 2016 season wasn't picked up by the Giants on Wednesday, Andrew Baggarly of the Mercury News reports.

EDGE Analysis

Byrd is now free to catch on with any other team heading into the offseason. He didn't play all that poorly during the 2015 season, putting up 23 home runs, 73 runs batted in, and 58 runs scored while batting .247 at the plate, but $8 million proved to be far too high of a price tag for average production out of a 38-year-old who's nearing the end of his career.