Under the MLB's new system, the Giants have until 2 p.m. Friday to offer any of their free agents a one-year salary of $13.3 million. If any player declines and decides to sign somewhere else, their new club will forfeit their first round selection (as long as it's not top-10) and their old team will received a sandwich pick in between rounds one and two.
According to Baggerly, the Giants do still remain interested in resigning both Pagan and Affeldt to a contract with a lesser year-to-year salary though. Additionally, San Francisco would also like to resign Marco Scutaro, who is not eligible for a qualifying offer since he was a midseason acquisition.
Pagan isn't worth a $13+ million salary but the Giants will undoubtedly have to break the bank for him a bit after he racked up 95 runs, 29 stolen bases, 15 triples and a .288/.338/.440 line with San Francisco last season. As Baggerly points out, Affeldt might be a bit more expensive too after the Los Angeles Dodgers set the bar high with Brandon League's three-year, $21.3 million contract earlier this offseason.
So, it turns out winning the World Series might cost the Giants more than they originally expected after all.