The New York Yankees have designated right-handed reliever Cory Wade for assignment to clear room on the roster for recently activated prospect Dellin Betances, reports Mark Feinsand of the NY Daily News:

Dellin Betances was reinstated from the 60-day DL to play in the Arizona Fall League. To make room on the 40-man, Cory Wade was DFA'd.

— Mark Feinsand (@BloggingBombers) October 8, 2012

The 29-year-old Wade appeared in thirty-nine games for the Bombers this season, amassing an unsightly 6.46 ERA in thirty-nine innings of work. Wade did put up strong peripheral numbers this season, striking out a career-high 8.1 per nine and walking just 1.8 per nine, but was hurt by a .328 BABIP and 1.8 HR/9 rate.

Wade had a stellar 2011 in New York, posting a 2.04 ERA in thirty-nine and two-thirds innings of work, and may have very well been the victim of regression this year. If Wade refuses his assignment, he could be a solid free agent pick-up this winter for teams looking to bolster their bullpen.