Bengie Molina rejected a $5MM offer from the Mets and chose instead to take a one-year $4.5MM deal to return to San Francisco. The move, which is now official, increases the likelihood that top prospect Buster Posey will start the season back in the minors.
Molina returns to the Bay Area despite reports that GM Brian Sabean said he believed the backstop had received a multi-year offer elsewhere. Molina, whose brother Jose is still a free agent, earned $16MM as part of the three year deal he signed with San Francisco back in 2007. He hit .278/.302/.440 with 55 homers while with the Giants.
Now, the Giants have reached their payroll limit, tweets ESPN.com's Buster Olney.
Ben Nicholson-Smith contributed to this post.