The Giants and outfielder Angel Pagan agreed to a $4.85 million, one-year contract that avoided arbitration. Pagan was acquired during last month's winter meetings from the Mets for outfielder Andres Torres and reliever Ramon Ramirez. He batted .262 with seven home runs and 56 RBIs last season, down from .290 with 11 homers and 69 RBIs in 2010.