Cotts was released by the Yankees on Monday, Brendan Kuty of NJ.com reports.
Cotts, who signed a minor league contract with the team May 20, had a 3.86 ERA in 21 innings this season for Triple-A Scranton/Wilkes-Barre. The 36-year-old reliever has not pitched in the majors since ending last season with Minnesota and now leaves his third minor league team this season. Cotts has clearly shown signs of decline and faces an uphill battle to return to the majors.