Designated for assignment and dropped from the 40-man roster by the Giants last month, right-hander J.C. Gutierrez has re-signed with San Francisco on a minor-league contract.

Gutierrez would have been due for a raise to around $1.5 million via arbitration, so the Giants definitely saved money this way, but it’s a little surprising he didn’t generate any interest from other teams after throwing 64 innings with a 3.96 ERA and 44/16 K/BB ratio this past season.