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Phillies decline options on two veterans

Updated: October 24, 2011, 4:41 PM ET
Associated Press

PHILADELPHIA -- The Phillies have declined the 2012 options for pitchers Roy Oswalt and Brad Lidge.

Oswalt gets a $2 million buyout instead of $16 million next season. Lidge receives a $1.5 million buyout instead of $12.5 million next year.

Oswalt was 9-10 with a 3.69 ERA in 23 starts for the Phillies this past season. The three-time All-Star right-hander was acquired in a trade with Houston on July 29, 2010. He was 16-11 with a 2.96 ERA in 35 starts for Philadelphia.

Lidge ...

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