The Rockies will decline their $12.5MM club option on outfielder Gerardo Parra in favor of a $1.5MM buyout, per the Associated Press. The 31-year-old will become a free agent when the move is formally completed.

[Related: Colorado Rockies depth chart]

Parra signed a three-year, $27.5MM with the Rox prior to the 2016 season but struggled throughout most of his time with Colorado. Despite playing in one of the game’s best offensive environments over the past three seasons, Parra posted a .727 OPS with just 23 home runs in 1249 plate appearances as a member of the Rockies. His walk rate deteriorated in the first two seasons of the deal before rebounding in 2018, and his once-elite defensive ratings slipped as well, though they still checked in above league average.

Parra and fellow veteran outfielder Carlos Gonzalez both seem likely to land elsewhere in 2019, leaving cornerstone Charlie Blackmon and young David Dahl as the two locks for the 2019 campaign. Other internal options for the outfield include fleet-footed Raimel Tapia and Noel Cuevas, while Mike Tauchman and Yonathan Daza represent additional depth pieces on the 40-man roster.