The Yankees placed Davis on outright waivers Wednesday, Jon Heyman of the New York Post reports.
Davis passed through waivers unclaimed after being DFA'd by the Yankees on Sunday. Assuming he clears waivers again, he will enter free agency and attempt to latch on with another team. The 31-year-old has slashed .218/.293/.338 through 157 plate appearances this season, but he went just 2-for-19 (.105) with one RBI and nine strikeouts over seven games during his time in New York.