On Saturday, the KC Royals declined the $7 million option on right-handed reliever Luke Hochevar, making him a free agent. He has exercised his portion of the deal, but the Royals will pay him the $500,000 buyout.
Hochevar has pitched very well since becoming a full-time reliever for the Royals (2.93 ERA over 158.1 innings in three seasons), but injuries have plagued him (missing the entire 2014 season due to Tommy John surgery). He missed the last two months of the 2016 season after having surgery to take care of his thoracic outlet syndrome (the new injury for Royals pitchers).
Recovery time for his surgery is six months, so Hochevar should be ready for spring training. I would expect the Royals to try and re-sign him to a cheaper contract.