Assistant general manager Bobby Evans announced the deal Thursday with Arias, a key utilityman and bench contributor for manager Bruce Bochy.
The 29-year-old hit .271 with one home run, nine doubles, two triples and 19 RBIs in 102 games during his second season with the Giants in 2013. He had an emergency appendectomy in July after missing time in June with a strained hamstring.
Arias has often played against left-handed starters, while filling in at second base, third and shortstop.
With Arias signed, first baseman Brandon Belt is the only Giant who is arbitration eligible that is unsigned. Belt asked for $3.6 million, while the Giants countered with $2.05 million, CSN Bay Area reported. The teams either have to come to an agreement will go to an arbitrator to decide.
NOTE: The Giants announced single-game tickets for the 2014 season will go on sale Feb. 1 to coincide with the team’s annual FanFest. Tickets will go on sale at www.sfgiants.com at 8 a.m., while gates for FanFest will open at 10 a.m.