The Yankees released Montgomery on Friday, Josh Norris of Baseball America reports.

The 26-year-old right-hander was once considered a future closer and still may regain that distinction with another organization. Shoulder injuries, however, sapped his velocity and halted his progress a few years ago. Montgomery, who boasts a career 2.33 minor-league ERA with 58 saves and 376 strikeouts to 125 walks in 285.2 innings, probably will latch on somewhere else in short order.

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