Molina had been widely expected to leave the Giants and sign with the New York Mets. His wife confirmed Tuesday the 35-year-old catcher is staying in San Francisco, CBS 5 reported.
"We're excited to be returning to San Francisco," Molina's wife, Jamie, told the broadcaster.
Giants General Manager Brian Sabean had said Molina likely wouldn't return and was reportedly hoping to land a three-year deal with the Mets. ESPN reported Tuesday Molina turned down New York's offer and the Mets were instead attempting to sign free agent pitcher Joel Pineiro.
Molina has hit at least 15 home runs and batted at least .276 in each of the past four seasons, CBS 5 said.
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