The Phillies announced they’ve released Vince Velasquez. That was the anticipated outcome once Philadelphia designated him for assignment over the weekend.
Velasquez was on the injured list at the time of his designation (although he had begun a minor league rehab assignment). Injured players can’t be placed on outright waivers, and with the trade deadline having passed, Velasquez’s designation meant he’d wind up released. That’s mostly a formality anyhow, since he would’ve had the right to reject an outright assignment in favor of free agency while still retaining his entire salary as a player with more than five years of MLB service time.
If Velasquez clears release waivers, he’ll be free to sign elsewhere. That seems likely, as claiming him would require a team to assume the remainder of his $4MM salary (approximately $452K through season’s end). If he clears waivers, a new club could sign the right-hander for the prorated portion of the league minimum while leaving the Phils on the hook for the bulk of the salary.