The Giants signaled they were not willing to offer Wilson the required minimum guarantee of $6.8 million without knowing when he would return in 2013 and how effective he would be.
A lack of budget space for a team that is not significantly raising payroll also factored into the equation.
The Giants technically can negotiate a lower-priced, incentive-rich deal with Wilson now that he is a free agent, but multiple sources said the 30-year-old right-hander is upset about the Giants' stance and has told people he will sign elsewhere.
http://www.sfgate.com/giants/article/Giants-don-t-tender-contract-to-Wilson-4082635.php
I'm going to be beyond bummed if we don't bring the beard back next season.