To the surprise of no one, the Giants declined their 2014 club option for left-hander Barry Zito, the team announced. They'll pay him a staggering $7 million buyout right now rather than an $18 million salary next season.

Zito, 35, went 5-11 with a 5.74 ERA (58 ERA+) and 1.70 WHIP in 133 1/3 innings across 25 starts and five relief appearances this past season. He appeared in just three of the team's last 32 games and was pulled out of the rotation in early August.

San Francisco signed Zito to a seven-year, $126 million contract prior to 2007. He was coming off a 16-10, 3.83 ERA season with the Athletics, and, at the time, it was the largest pitching contract in history. Zito managed a 63-80 record with a 4.62 ERA (86 ERA+) during his seven years with the Giants and played a big role in their 2012 World Series title.