Yankees Let Giambi Go, Keep Thong

In a recent cost cutting move, the New York Yankees announced they were opting to buy out first baseman Jason Giambi's contract option, paying him $5 million to leave the team.

Unfortunately for Giambi, his lucky thong, eligible for salary arbitration this offseason, will be staying with the team.

"We need to build a championship ball club this offseaon," said GM Brian Cashman, "and we need to make sure we have all the correct parts in place, articles of clothing not withstanding."

Bomber outfielder Johnny Damon was sad to see his longtime pal Giambi go, but added "Hey, Jason wasn't the only one using that thong, it helped me get through a couple of slumps of my own."

Jeter, A-Rod, and Cano were all excited with the team's decision to keep the thong, with Jeter applauding the organization's "renewed commitment to winning."

There is no indication yet as to whether or not Yankee front office brass will trade away Giambi's 'stache, as it has become increasingly unruly and outspoken since the team buyout of Giambi's contract.