Joe Girardi has announced that the Yankees have unconditionally released Clay Rapada. We knew previously that Rapada was a victim of the 40-man roster crunch, but for those holding out hope that he'd clear waivers, the Yankees didn't even try. The left-hander pitched to a 2.82 ERA last year, and held left-handed batters to a .186/.263/.255 triple slash. As good as he was against same side hitters, Rapada is useless against right-handers.
The Yankees currently have Boone Logan in the bullpen, who can pitch to all hitters. The organization also has a number of left-handed relievers in their system, including Cesar Cabral, who is on the same recovery schedule as Michael Pineda. Rapada's recent injury troubles were also a concern going forward.
Rapada was very successful in his stint with the Yankees and I would assume the team plans to offer him a Minor League deal, but he shouldn't have a huge problem latching on to a Major League team as a productive LOOGY.