The Rockies declined their 2011 option for Octavio Dotel, according to the AP (via the Miami Herald). The club will pay the righty a $250K buyout instead of a $4.5MM salary.
Dotel split the 2010 season between the Pirates, Dodgers and Rockies. He posted an overall ERA of 4.08 with 10.5 K/9 and 4.5 BB/9 in 68 appearances. Dotel is a Type B free agent, so the Rockies could technically obtain a compensation pick if they offer arbitration and the 36-year-old turns it down to sign elsewhere.