Found November 01, 2009 on MLB Rumors:
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At the moment, the Phillies have more important things to worry about than Pedro Feliz's option. Like scoring some runs and shutting down the Yankees. But once the season ends, they'll have to decide whether to pick up their third baseman's 2010 option. The defending World Champions can choose to pay Feliz $5MM in 2010 or buy him out for $500K. According to FanGraphs, Feliz has been worth $5-7MM each of the last two seasons, largely because of his defense. Though he has never won ...

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