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The Yankees released Smith on Monday.

Smith will head to the open market in search of a new opportunity after exercising the opt-out clause in his minor-league contract with the Yankees shortly after being informed that he wouldn't be included on the Opening Day roster. The 29-year-old first baseman logged 307 plate appearances in the majors last season between Boston and Cincinnati, producing a .233/.313/.378 slash line with six home runs and 34 RBI.

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