No, the Red Sox are the defenders of last place in the AL East.
The Giants will be the new "defending" champions on Opening Day 2015 when they start their quest to defend their title during the regular season. They will be "defending" champions until they are out of playoff contention or eliminated during the playoffs. They are the champions until the final out of the 2015 World Series is recorded and a new champion awarded the commissioner's trophy.
Well not to split hairs. The San Francisco Giants are now the current World Series Champions. If they make the playoffs next year then they are the current and defending champions. If they don't make the playoffs next year then they are not defending any title. They have no title to defend by failing to make the playoffs.
Not as of about 8 hours ago.
No technicalities about it. No.
No, that burden now falls to the Giants.
Nope.
No, they are history now....!!