James Shields rejected a bigger offer from the Giants before signing with the Padres

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Jon Heyman of CBS Sports is reporting that Padres starter James Shields turned down a four-year, $80 million contract offer from the Giants a few weeks before signing for $5 million less in San Diego. Heyman adds that the offer was rescinded after the Giants signed Jake Peavy.

With the Giants out, the Cubs and Marlins remained the Padres’ only other serious contenders for the right-hander’s services.

Shields, 33, will join Andrew Cashner at the top of the rotation. He’s coming off of a season in which he finished with a 3.21 ERA and a 180/44 K/BB ratio in 227 innings, helping lead the Royals to the World Series. Shields has made at least 33 starts and thrown 200 innings in each of the last seven seasons.