2:39pm: MLB.com's Mark Sheldon says it's a two-year, $8MM deal for Affeldt. Nice signing! Henry Schulman of the San Francisco Chronicle says the Giants are not done looking for relievers, though Chris Haft figures Joe Beimel is out on account of his left handedness.
1:46pm: According to Andrew Baggarly of the San Jose Mercury News, the Giants signed lefty reliever Jeremy Affeldt to a two-year deal. He was a Type B free agent, so the Reds will receive a sandwich pick for him in the June draft.
I'm surprised Affeldt didn't pursue a closing job; ESPN's Keith Law ranked him as the second best reliever on the market (ahead of Francisco Rodriguez and Brian Fuentes). Affeldt seemingly overplayed his hand as a free agent last offseason, so maybe that was a factor.
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