Edgar Renteria has a World Series MVP trophy, but he doesn't have a team.
The San Francisco Giants on Friday declined to pick up their $10.5 million option to keep Renteria for the 2011 season, according to MLB.com. The team exercised its right to buy out the option with a $500,000 payment to the 34-year-old shortstop.
Renteria had a rough season but came up big during the playoffs and World Series, batting .412 and hitting a three-run home run off Texas ace Cliff Lee in Monday's Game 5 that sealed the Rangers' fate.
The five-time All-Star played in just 72 regular-season games in 2010 and had openly discussed retirement, so the Giants' move Friday was not unexpected, MLB.com reported.
"It's always hard to think about retiring," Renteria told Examiner.com after the team's victory parade. "I want to rest. Whew, I feel great."
Renteria becomes a free agent eligible to be signed by any team, including the Giants.