From the official press release:

The San Francisco Giants have agreed to terms with right-handed pitcher Ryan Vogelsong on a two year contract with a club option for 2014, club Senior Vice President and General Manager Brian Sabean announced today. Per club policy, financial terms were not disclosed.

First reaction: Happy for him.

Second reaction: If he's 75% as good this season, this is still a cost-effective move.

Third reaction: Please don't be for a silly amount of money.

I'm guessing two years, $8.5 million, with the option being pretty hefty. MLB Trade Rumors projected Vogelsong's arbitration award would have been around $2.5 million, so that would be something like $6 million to buy out a year of free agency. Not exactly cheap, but a decent gamble. If he pitches as well as his FIP from last year, the Giants made a great move. Heckuva if, right there.

Fourth reaction: Cain Cain Cain Cain Cain Cain Cain Cain Cain Cain Cain Cain Cain Cain Cain Cain.

Edit: two years, $8.3 million. It cost him $200K to make me look stupid. I hope he's satisfied.