Penny signs with Giants
Brad Penny went unclaimed on waivers Monday and became a free agent
The Giants signed him after others, including the Yankees, showed interest
Initially, no one claimed Penny because a claiming team would have been responsible for the remainder of his contract. The Giants only have to pay him the pro-rated portion of the big-league minimum of $400,000, which will be less than $100,000.
The Red Sox released Penny on Thursday after he went 7-8 with a 5.61 ERA this season. They signed him to a $5 million, one-year contract last year after he spent more than four seasons with the Dodgers.
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