Giants Sign Freddy Sanchez: 2 years, $12M

Announced late Friday, the Giants signed Freddy Sanchez to a reported (Chron's Schulman then Merc, based on what sfgiants.com's Haft wrote), 2 years, $12M contract. Reports from sfgiants.com, Chronicle, and Merc. As a side note, Noah Lowry (unsurprisingly), Justin Miller, and Kelvin Pichardo have been released, freeing 3 spots on the 40 man roster. Baggarly also noted that the following players are eligible for arbitration: Tim Lincecum, Brian Wilson, Jonathan Sanchez, Brandon Medders and Ryan Garko. Plus, the Giants are having conversations with all their free agents, but only about what the Giants are thinking, not that the Giants necessarily want them back.Sanchez could have had an $8.1M contract for 2010 if he really wanted to, so in essence he is being paid $3.9M for 2011. Given that Hudson, a comparable 2B, last season only got $3M plus incentives (which eventually got him a total about $8M, if I recall right), Sanchez was trading off the risks that 1) he could...