Per CBS 5 in San Francisco, the Giants have re-signed Bengie Molina to a one-year deal worth $4.5 million.
Woot!
James Edit: More details are rolling in. Jon Heyman tweets that the Mets offered $5+ million, meaning Molina accepted less to sign with the Giants if the initial report is accurate. Ken Davidoff reports that the Mets' offer was "take it or leave it", in stark contrast with the usual M.O.