From AP:

Tim Lincecum (SD Dirk, Flickr)

Two-time NL Cy Young Award winner Tim Lincecum and the San Francisco Giants have reached a verbal agreement on a two-year contract worth about $40 million.Giants executive Bobby Evans announced the deal Tuesday. It is subject to a physical and avoids an arbitration hearing.

Lincecum had asked for a near-record $21.5 million in salary arbitration and had been offered $17 million by the club.

The 27-year-old, the winning pitcher in the Game 5 World Series clincher at Texas in 2010, earned $13.1 million last season when he completed a two-year deal worth $23.2 million.

More from the San Jose Mercury News:

The Giants and Lincecum reached an agreement on a contract this morning, but it won’t guarantee that the beloved, two-time Cy Young Award winner will remain a Giant upon hitting free agency when he’s eligible after the 2013 season. Lincecum will receive $40.5 million over two years. The contract only takes him through his final two seasons of arbitration eligibility.

McCovey Chronicles points out this tweet as a reminder that a future salary showdown has merely been delayed :

lincecum and #SFGiants still far apart on long deal, like 2-3 yrs and maybe $80M-plus. good to avoid arb tho
Jan 24 via web Favorite Retweet Reply

Embedly Powered


Finally, from the Merc, this bitter nugget:

“Lincecum won’t be the highest-paid Giant this season. Barry Zito still holds that ‘honor’ with a $19 million salary.”



Jon Brooks

Jon Brooks is the host and editor for KQED's daily health and technology blog, Future of You. He is the former editor of KQED News Fix.

Sponsored by

Become a KQED sponsor