Eugenio Velez and Chris Ray have not been offered contracts. Mike Fontenot was signed to a one-year deal worth just over $1MM, and all the other arbitration-eligible Giants (Cody Ross, Andres Torres, Santiago Casilla, Ramon Ramirez, Javier Lopez, and Jonathan Sanchez) have been tendered contracts. It's all here.
Fontenot's deal will not have incentives, and I can't really see it hurting the Giants at all. He'll provide them with a veteran middle-infield bat, and the fact that he's left-handed obviously presents value -- keep in mind that Freddy Sanchez has had some trouble against right-handed pitching...Fontenot doesn't particularly shine in any categories -- not a top defender, doesn't have great speed, not much power, doesn't hit for a high average -- but as a backup middle infielder, he'll be fine.
With the Giants in 2010, he produced -0.3 WAR, played mediocre defense, and didn't hit for much power at all (.282/.329/.310). I've always been bothered by hitters whose SLG is higher than their OBP, and Fontenot was one of those guys with the Giants. It's not like his .329 OBP is dazzling either, so it doesn't really justify the fact that it's higher than his SLG. Anyway, I'm sure he's a better player than this. He's not an impact bat, but he'll play average defense, and he'll give the Giants a back-up left-handed middle-infield bat -- useful, if you consider that the Giants' starting middle infielders will be right-handed hitters Miguel Tejada and Freddy Sanchez.
Ray and Velez could potentially be signed to minor-league deals, but we'll see. Their time as San Francisco Giants is likely over.
