With just 10 days left for the Minnesota Twins to pick up the $12.5 million option for 2012 on Joe Nathan's contract, the 36-year-old closer said Thursday he hasn't heard anything from the club.

Nathan, who turns 37 next month, had 14 saves for the 99-loss Twins this season after recovering from ligament replacement surgery in 2010.

Initially it was thought that teams have five days after the end of the World Series to exercise contract options, but Nathan said baseball's current labor deal makes the deadline three days.

"There are a lot of decisions for (the Twins) to make, so for us it's about the waiting game," Nathan said from his home in Knoxville, Tenn. "When they decide, we'll go from there. We don't know at all what's going on on their side, but we're prepared for whatever's thrown at us. We'll sit back and wait."

If the Twins intended to retain Nathan, it would seem they would have indicated that to him by now.

"If they were planning on picking (my option) up, I think I would have heard something," he said. "But as much as I would think they would have told me by now, there's also the other side of the coin where they may not know - where the team is heading for next year, what they have to do - and whether that would be a smart decision or not. I don't know where their mind-set is right now."

If the Twins were not to pick up Nathan's option, they would have to pay him a $2 million buyout and he would become a free agent.