The San Francisco Giants exercised the $5 million contract option for left-hander Jeremy Affeldt after the season and signed lefty Javier Lopez to a two-year, $8.5 million contract.

Now reality is sinking in.

The team, trying to reduce the heavy investments in its bullpen, is trying to move Affeldt and/or right-hander Ramon Ramirez, according to major league sources.

Ramirez, who is entering his final year of arbitration, figures to move into the $3 million range. He earned $1.65 million last season.

The Giants also are committed to paying closer Brian Wilson $8.5 million, and right-hander Sergio Romo is eligible for arbitration for the first time. Lefty Barry Zito, who could end up in the bullpen, is set to earn $19 million.

Meanwhile, the Giants are trying to make other improvements and sign right-handers Tim Lincecum and Matt Cain long-term.

General manager Brian Sabean told reporters Tuesday that “there won’t be a big splash” this offseason, but the Giants are talking to infielders and monitoring the market for free-agent outfielder Carlos Beltran.

— Ken Rosenthal