The Giants had been pursuing shortstops aggressively ever since Juan Uribe signed with the Dodgers. They matched Los Angeles' three-year, $21MM offer before moving on to other targets, according to Dylan Hernandez of the L.A. Times. The Giants appeared to have strong interest in Jason Bartlett, and even contacted Derek Jeter's agent.
It's not clear whether the Giants will use Tejada at shortstop, but ESPN.com's Jerry Crasnick hears that is their plan (Twitter link). Third baseman Pablo Sandoval is falling out of favor with the Giants, who have Freddy Sanchez at second base and utilityman Mark DeRosa. Wherever Bruce Bochy puts him, Tejada figures to stay on the field. He has been exceptionally durable this decade, averaging 158 games per season since 1999.
The 36-year-old played third for the Orioles before the Padres acquired him in a summer trade and made him their starting shortstop. Tejada batted .269/.312/.381 with 15 homers and 26 doubles in 681 plate appearances between the two leagues.
The Padres did not offer Tejada arbitration, so the Giants don't have to surrender a top pick to their division rival. SFX represents Tejada.