Lee's agent suggested that the lefty will likely retire, Ken Rosenthal of FOX Sports reports.

EDGE Analysis

Lee has been medically cleared to resume pitching, with a report from December even suggesting that he hoped to play in 2016. He's apparently now considering retirement, which isn't all that surprising for a 37-year-old pitcher that hasn't played in a game since July 2014.

Lee (elbow) has been medically cleared to resume pitching and hopes to join a team for the 2016 season, Dayn Perry of CBS Sports reports.

EDGE Analysis

Lee became a free agent in November after the Phillies declined to pick Lee's option, but the veteran left-hander appears to have his sights set on returning to the major leagues in 2016. He has not pitched in a game since 2014 due to elbow issues, but his recent medical clearance has allowed him to resume throwing. It's still too early to tell whether Lee will find a landing spot, but as the offseason progresses it's possible that a team will be willing to take a flier on the former Cy Young winner.

The Phillies officially declined their 2016 option on Lee (elbow) making him a free agent, Todd Zolecki of MLB.com reports.

EDGE Analysis

Lee, who did not pitch in 2015, will be paid a $12.5 million buyout. It is unclear if he intends to continue pitching. Given his unwillingness to undergo surgery on his elbow, it seems likely he will call it a career, as rehab has not proven successful.

The Phillies declined their 2016 option on Lee (elbow), the Philadelphia Daily News reports.

EDGE Analysis

Lee did not pitch this year due to a tear in the flexor tendon in his elbow. He opted for rehab over surgery, but never was able to get back on a mound during the season. It is possible his career is over.

GM Ruben Amaro Jr. said Lee (elbow) will not start throwing for another three or four weeks, CSN Philadelphia reports. The Phillies had hoped Lee, who is trying to rehab tear in the flexor tendon in his elbow, would be able to start throwing by now. He remains a long shot to pitch this season.

Lee (elbow) said he does not plan to pick up a baseball for at least two months, the Philadelphia Daily News reports. Lee will let his ailing elbow rest before he attempts to begin throwing again. He hopes to return to the Phillies' rotation this summer, but doing so looks extremely unlikely. All doctors that have reviewed his latest MRI suggest he should undergo surgery. If Lee does ultimately choose to have surgery, he will be sidelined 6 to 8 months.

Lee (elbow) has been placed on the 60-day DL, but will not undergo surgery for the time being. Lee suffered a tear in the flexor tendon in his throwing elbow, and after attempting to throw through the injury, he reported feeling no improvement in the level of pain he experienced. While surgery has been recommended, the 34-year-old indicated that he would likely opt for retirement if he were to undergo surgery, so he will try to rehab from the injury in hopes of returning at some point in the 2015 season. There's no exact timetable available at this time, but Lee will likely miss at least the first half of the season.

Lee played catch Friday and said he still felt the same level of discomfort in his pitching elbow, the Philadelphia Inquirer reports. Lee has been throwing to see if the pain gets worse. If not, he will attempt to pitch through a tear in his common flexor tendon this season. Surgery would sideline Lee for the entire season.

Lee (elbow) threw a bullpen session Wednesday and reported no improvement in the level of pain he experienced, the Philadelphia Daily News' Ryan Lawrence reports. He is still hoping that the pain goes away shortly, but there is not much room for optimism here where his fantasy stock is concerned. Lee was diagnosed with a tear in the flexor tendon in his throwing elbow and it could require surgery that would lead to a 6-to-8 month recovery period. There is a chance that if Lee continues to try to pitch through the pain that he could sprain his UCL, but this sounds like a last-ditch attempt to be able to avoid surgery, which would signal Lee's retirement from the game.

Lee (elbow) was diagnosed with a tear in the flexor tendon in his throwing elbow, Sports Illustrated reports. The Phillies are apparently "not terribly optimistic" about the situation, but the 36-year-old Lee will attempt to pitch through the injury. Whether that's a realistic option remains to be seen, but if Lee is experiencing continue discomfort, he'll likely need to undergo surgery, which would entail a six-to-eight month recovery period. Lee speculated that if surgery is necessary, it could possibly end his career.