Red Bull New York announced today that the club has declined the contract options for forward Juan Pablo Angel, midfielder Luke Sassano, and defender Carey Talley. All three players are eligible for the 2010 MLS Re-Entry Process. Eligible players may either choose to participate in the Re-Entry Process or may opt out. MLS will release a full list of eligible players later today.

The Stage 1 Draft of the Re-Entry Process will take place on Wednesday, Dec. 8 at 2:00 PM ET via teleconference. The Stage 2 Draft will take place on Wednesday, December 15 at 2:00 PM. All 18 clubs will have a representative participate. Both Stage 1 and Stage 2 Drafts will be conducted in the same order as the traditional Waiver Draft, with New York picking 13th and expansion teams Vancouver and Portland selecting 17th and 18th, respectively.

Each club may either select a player from the eligible player list, or pass. Once a team has passed, they may no longer participate in that stage of the Re-Entry Process. Each stage will continue until all 18 clubs have passed on the available players.

Clubs must exercise the option for, or extend a Bona Fide Offer to, players selected in Stage 1. Players that were out of contract may either accept or reject the Bona Fide Offer. Should a player reject the offer, the drafting club will hold the right of first refusal for that player in MLS. Players with option years left on their contract will automatically be added to the drafting club's roster.

Any player selected in Stage 1 will remain on the drafting Club's 2011 budget at the option price or Bona Fide Offer price until April 1, 2011. Clubs and players may not mutually renegotiate that price to a lower number until April 1, 2011. Clubs may not select their own players in Stage 1. Players will have the opportunity to negotiate contracts and sign with their previous clubs after Stage 1 is complete until 2 p.m. ET on December 13.

In Stage 2, clubs may select from players that are under contract and those not under contract. If a player is not under contract, the drafting club will be required to make a genuine offer to the player within seven days. In the event that an agreement cannot be reached between the drafting club and an out-of-contract player, the drafting club will hold the right of first refusal for that player in MLS. Clubs may select their own players in Stage 2 only after all other clubs have declined to select those players.

If a player is not selected in either stage of the Re-Entry Process, that player will be available on a first come first serve basis to all clubs.