Multiple sources have confirmed that Zack Greinke has exercised his opt-out clause with the Dodgers and will test free agency. It had been expected seemingly all year that Greinke would opt-out, and this news just makes it official.
Greinke, who is opting out of his remaining 3 years worth $77 million with the Dodgers, is thought to be seeking a contract similar to Max Scherzer's or Jon Lester's. That would put Greinke's worth somewhere between an AAV of $25-$30 million per year over six or seven years.
Bob Nightengale has suggested that he is still likely to re-sign with the Dodgers, though he names the San Francisco Giants as a likely competitor.
On the other hand, we have seen a slight shift in the way big name free agents have signed with somewhat unlikely smaller market teams. Mike Bates wrote an article explaining that Greinke could land with an "out of the box" team.
Free agency officially begins on Friday. Greinke's name will now be included in a list of free agent pitchers that includes David Price, Johnny Cueto, Hisashi Iwakuma, and Jordan Zimmermann among others.