According to Ben Nicholson-Smith of MLB Trade Rumors, Mike Fontenot and the Giants have agreed to a one-year deal for 2012. This almost certainly guarantees that Jeff Keppinger will be non-tendered, as Brian Sabean had said that it would be one or the other. The Giants definitely made the right decision here: Fontenot is a solid defender at second, and he can play a passable third base/shortstop. His bat, though not particularly special, is pretty useful as well: he’s hit .263/.332/.406 (91 wRC+) over his career, and is coming off a decent season at the plate (.227/.304/.377, 87 wRC+). It might not seem like much, but he was worth one win above replacement in 85 games this year. Not bad for a bench guy. Additionally, as a left-handed hitter, he seems to complement Freddy Sanchez pretty well. Keppinger just wasn’t a good fit.
UPDATE: Confirmation — Fontenot has agreed to a one-year deal; Jeff Keppinger and Eli Whiteside have been non-tendered. The deal is for $1.05MM — very reasonable, and slightly less than I had anticipated.