The Red Sox and Padres had until Friday afternoon to strike a deal, but nothing came to fruition. It isn't known how close the two teams came to agreeing on anything, but it wouldn't have mattered.
Giles, who had a limited no-trade clause that encompassed eight teams -- including the Red Sox -- exercised his veto power, choosing to stay in San Diego.
What displeased Giles is that the waiver process -- which is supposed to be highly confidential -- was leaked in media circles.
"I didn't know everybody was supposed to know, especially when it wasn't a done deal and it wouldn't go down," Giles said from Coors Field in Denver.
It was not particularly surprising that Giles declined a move to Boston, also considering the Red Sox have a loaded outfield of Jason Bay, Jacoby Ellsbury and J.D. Drew, with Coco Crisp coming off the bench.
And all four of those players are under contract for 2009, as is Giles.
The one thing the Red Sox were successful in doing was blocking the possibility of Giles moving to the Angels and Rays, two teams with which Boston is jockeying for playoff position.
Giles, 37, is batting .295 with six home runs and 37 RBIs. Currently in his sixth season with the Padres, he has become comfortable in San Diego.
The Padres hold a $9 million option on Giles for next season, with a $3 million buyout.
"It's kind of between myself and my agent and Boston and the Padres," Giles said. "I don't think really anything needs to be said other than I made a commitment to play for this team for three or four years, and at the end, that's where I still stand."