UPDATE: Fontenot’s deal is a shade over $1 million. GM Brian Sabean said he’ll get a lot of work at short next spring. Also, Ray and/or Velez could be re-signed to minor-league deals. Lots of stuff factored into the Velez decision: his 40-man spot, that he’s out of options and not expected to make the team, even the raise he’d be due by rule if he cleared waivers and was sent to Fresno.

ORIGINAL POST: The Giants have signed reserve infielder Mike Fontenot to a one-year contract. Don’t know the money. I’m sure it’s not big money.

The Giants also non-tendered reliever Chris Ray, making him a free agent. They got him for Bengie Molina last July. They also non-tendered Eugenio Velez, who becomes a free agent as well. Velez was not one of the eight arbitration-eligible players, as far as I knew. Perhaps they needed his roster spot.

The other six arb guys were tendered contracts before tonight’s 9 p.m. deadline and remain Giants: Jonathan Sanchez, Ramon Ramirez, Javier Lopez, Santiago Casilla, Cody Ross, Andres Torres.