SATURDAY: Andrew Baggarly of CSNBayArea.com reports that Penny will make the pro-rated portion of a $500K salary while with the big league team (Twitter links). He says the contract language is open-ended, but the target date to have Penny on the roster is May 30th.

FRIDAY: The Giants have signed Brad Penny to a minor league contract reports John Shea of The San Francisco Chronicle (on Twitter). The Legacy Sports Group client will head to Extended Spring Training next week and is considered a bullpen candidate.

Penny, 33, threw for GM Brian Sabean, manager Bruce Bochy, and pitching coach Dave Righetti today according to Shea (on Twitter). The right-hander started the year with the Fukuoka Softbank Hawks but requested his release after just one start. Penny pitched to a 5.30 ERA in 31 starts for the Tigers last season and spent the second half of 2009 with the Giants, posting a 2.59 ERA in six starts.