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Answered 2015-07-15 19:01:34

Players actually get three option years. That is, three years in which they are on the 40 man roster, but not on the 25 man roster for some or all of the season.

If a player has fewer than five years of professionalexperience, he can be sent to the minors in a fourth season without being subject to waivers.

Once the player is out option years, if he gets "optioned" to the minors, he must clear irrevocable waivers. When a player is put on irrevocable waivers, any team can claim him. If no team claims him, the player is assigned to the minor leagues. However, if the player has five years or more of major league service, he can refuse the option to the minors and become a free agent.

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