The Giants have placed infielder Mike Fontenot on release waivers, Henry Schulman of the San Francisco Chronicle reports (Twitter links). The Giants agreed to terms with the arbitration-eligible Fontenot on a one-year, $1.05MM deal this offseason, and they'll save three quarters of that sum by cutting ties with him today.
Fontenot posted a .227/.304/.377 line in 252 plate appearances at second base, shortstop and third base last year. The Fielding Bible Volume III suggests Fontenot provides adequate defense around the infield. He'll obtain approximately $250K in termination pay from the Giants. Teams like the Phillies and Rangers could have interest in signing the 31-year-old.