Third baseman J.D. Davis was released by the San Francisco Giants on Monday after beating the team last month in salary arbitration and will get just over $1.1 million in termination pay rather than a $6.9 million salary. Davis was awarded the salary by a three-person panel rather than the team's $6.55 million offer. Under baseball's collective bargaining agreement, negotiated contracts for arbitration-eligible players are guaranteed, while salaries decided by an arbitration panel are not.