The Orioles have declined their 2013 option for Mark Reynolds, MLB.com's Brittany Ghiroli reports (on Twitter). The infielder obtains a $500K buyout instead of an $11MM salary.

Reynolds remains under team control via the arbitration process. The Orioles have until November 30th to decide whether to tender him a contract for 2013. If the Orioles offer Reynolds arbitration, he'd get approximately $8.9MM in the estimation of MLBTR contributor Matt Swartz.

Reynolds started the 2012 season slowly, but hit 15 home runs after August 1st, finishing with 23 homers and a .221/.335/.429 batting line. The 29-year-old struck out 159 times, but didn't lead the league in strikeouts for the first time since 2007.

The Orioles don't have any option decisions remaining. They exercised Luis Ayala's option earlier this week.