12:37pm: It'd be a fairly easy call for the Giants to non-tender Keppinger, reports Andrew Baggarly of the San Jose Mercury News. Baggarly also notes that the Giants intend to work out a multiyear deal with starter Ryan Vogelsong, who would be eligible for free agency after 2012. For more on the Giants' huge arbitration class, read up here.
11:34am: The Giants are trying to trade infielder Jeff Keppinger, outfielder Andres Torres, and reliever Ramon Ramirez, tweets Danny Knobler of CBS Sports. They're planning to keep lefty Jeremy Affeldt. ESPN's Buster Olney says there's a strong feeling by other teams Torres will be non-tendered. If so, the Giants may not be able to get much for him. Torres was the second-most valuable center fielder in baseball in 2010, based on FanGraphs' wins above replacement.
Keppinger, Torres, and Ramirez are all arbitration eligible, and MLBTR projects salaries in the $2.3-2.7MM range for each.