The Minnesota Twins appear to be declining the $12.5 million option on Joe Nathan.
Nathan missed all of 2010 following Tommy John elbow surgery and struggled this year, but did pitch all the way down the stretch.
However, it is also reported that the Twins do want Nathan back for 2012, but apparently don't want to pay him that much.
Nathan threw 29 innings with a 3.38 ERA and a 28/5 K/BB ratio from late June through the end of season, but Nathan's velocity was below his pre-surgery levels. Nathan is a 37-year-old entering a saturated market of veteran closers.