Giambi announces retirement
Jason Giambi announced his retirement on Monday, bringing an official end to his 20-year MLB career. The 2000 AL MVP finishes up with 440 home runs, 405 doubles, 1441 RBI, and a batting line of .277/.399/.516. PED use for some portion of his career means he won't come close to Hall of Fame induction (not via the BBWAA anyway), though on numbers alone there'd at least be an argument for him.
Giambi also has a standing job offer from the Indians, to stay with the organization in some sort of (unspecified) coaching role, but it remains to be seen if he'll accept that offer. I wouldn't be surprised if he takes a year off before returning as a coach (perhaps with the Tribe, perhaps with another team).
In other retirement news of a sort...
The Yankees have announced they'll be retiring the numbers worn by Andy Pettitte (#46), Jorge Posada (#20), and Bernie Williams (#51) at ceremonies spread out over the 2015 season. Obviously #2 will be retired at some point as well, but the Yankees will no doubt expect all of MLB to honor Jeter on that day, so scheduling it will take a little more time.
Other Tribe items
In case you missed it (and didn't see the post right next to this one on our front page), the Indians signed Bruce Chen.