10/24/2011 04:26 EDT | Updated 12/24/2011 05:12 EST

Philadelphia Phillies decline 2012 options for Roy Oswalt, Brad Lidge

PHILADELPHIA - The Phillies have declined the 2012 options for pitchers Roy Oswalt and Brad Lidge.

Oswalt gets a US$2 million buyout instead of $16 million next season. Lidge receives a $1.5 million buyout instead of $12.5 million next year.

Oswalt was 9-10 with a 3.69 earned-run average in 23 starts for the Phillies this past season. The three-time all-star right-hander was acquired in a trade with Houston on July 29, 2010. He was 16-11 with a 2.96 ERA in 35 starts for Philadelphia.

Lidge went 0-2 with one save and a 1.40 ERA in 25 appearances for the Phillies in 2011. In four seasons with Philadelphia, Lidge was 3-11 with 100 saves and a 3.73 ERA. He was 1-1 with 12 saves in 12 opportunities and a 1.77 ERA in the post-season.

Lidge was 48 for 48 in save chances, including post-season, in helping the Phillies win the 2008 World Series.

General manager Ruben Amaro Jr. said the team will consider re-signing both players. The five-time defending NL East champions lost to St. Louis in five games in the division round.