Wed 10/29/14 3:26 PM

The Reds have declined Ludwick's $9 million team option, Chris Cotillo of MLB Daily Dish reports. Ludwick was serviceable in 112 games in 2014, hitting .244 with nine homers but with the hefty price tag, it's not a total surprise that the Reds opted to buy him out. The 36-year-old may have to settle for being a bench player, but he'll land on his feet somewhere for the 2015 season.