Giants Offer Three-Year Deal To Lincecum

The Giants offered a three-year, $37MM deal to Tim Lincecum, reports John Shea and Susan Slusser of the San Francisco Chronicle.  Specifically it'd pay $9.5MM in '10, $12.5MM in '11, and $15MM in '12, buying out three of Lincecum's four arbitration years.  Shea says Lincecum's agent Rick Thurman "countered with a proposal north of $40 million."  Plus, Thurman wants the first-year salary within a multiyear deal to be close to the $13MM figure they submitted.  You have to imagine he'd at least want to top Ryan Howard's first-year arbitration figure of $10MM.

Giants assistant GM Bobby Evans told Shea talks are ongoing, though the sides have not spoken in 72 hours.  Shea says "such a lapse in negotiations isn't unusual."  If no deal is reached prior, a hearing will be held tomorrow where Lincecum's 2010 salary will be decided at $8MM or $13MM by a three-person panel.

As you know, there's no comparable for Lincecum whether we're talking about his first arbitration year or a multiyear deal.  Felix Hernandez and Justin Verlander are not Super Two players and signed extensions after their first arbitration years.  But both received about $20-23MM for their first three arbitration years.


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75 Comments on "Giants Offer Three-Year Deal To Lincecum"


Michael Brown
5 years 6 months ago

If the Giants don’t want to give him the money, I’m sure someone will in a few years…I hear he is a pretty good pitcher

BravesRed
5 years 6 months ago

If I was Lincecum, I would jump all over this deal.

patburn
5 years 6 months ago

I agree. Linc never knows when an injury could pop up and really ruin his future years earnings.

dodgers_suck
5 years 6 months ago

i think he’ll take an offer but it’ll have to be a little more. i’m saying at least 10.5 for the first year. somewhere like 41mm over 3 years. 10.5 for 2010, 13.5 for 2011 and 17 for 2012

ReverendBlack
5 years 6 months ago

If I were Lincecum, I’d laugh all the way to my $13m awarded at arb.

BravesRed
5 years 6 months ago

It shouldn’t be about money, it should be about loving the game, and helping a team out when they need it the most.

jhfdssdaf
5 years 6 months ago

Sure, and players shouldn’t have taken steroids to boost their stats, and Scott Boras should be pitching his manure out in a cow pasture somewhere, but that’s not how the world works. I think this offer is an insult to Lincecum, and he’d have to be an idiot to sign the deal. He’s going to win his $13 million, and if he stays healthy and pitches like he has been, next year’s arb figure will be closer to $20M. Take the security of a multiyear deal, but anything less than 11-12M for this year isn’t worth discussing.

elclashcombo
5 years 6 months ago

I agree. As billionaire owners should reduce ticket and merchandise prices for fans & increase payroll, benefits and profit sharing to all staff members…out of love for the game.

5 years 6 months ago

As an individual you want to make the most money you can. Stop looking at the game as a fans and look at it as a baseball player. This is their job, this what its going to feed his kids. Once he stops playing BB, that is it. This is a business, its not a hobby.Giants are just being cheap, they are paying Barry Zito 18M a year.

Deviation
5 years 6 months ago

Why should fans look at the game as a business? That takes all of the fun out of it.

jhfdssdaf
5 years 6 months ago

Fans should look at the game as fans, not as a business, but to comment (as above) that Lincecum should take a deal for quite a bit less than he’s worth “for the love of the game” is unreasonable. We should look at the game as fans, but Lincecum should not.

hoostinohambone
5 years 6 months ago

So, if fans should only look at the game as fans, then you shouldn’t care what your team’s GM does? Or, fans shouldn’t care about ticket prices? That’s all business…so, we shouldn’t care according to you, right?

It sickens me that $37M isn’t enough…the dude is amazing, but he only plays 32-35 times per year. I shouldn’t get goin’ on this topic because obviously all the posters thus far seem to think it is OK to be completely and utterly selfish. When is enough..enough?

bjsguess
5 years 6 months ago

32-35 starts = an average over the past 2 years of facing 915 PA’s. That’s 200 more PA’s than a typical starting batter will get over the course of the year.

Just because he spreads them out over fewer games, his individual impact on each game he plays is exponentially higher than what ANY batter in baseball. It’s not even close.

The question is do you value more a guy who has a significantly lower impact in 150 games or a guy who has tremendous impact over 35 games? For me, they are one in the same. I value a star starting pitcher exactly the same as a star positional player.

5 years 6 months ago

My point is that fans should not expect baseball players to see game the same way us fans do. Of course fans should see the game from a fans perspective.

5 years 6 months ago

I can feed my kids on a lot less than $8 MM a year.

ReverendBlack
5 years 6 months ago

You retiring at around 35-40?

5 years 6 months ago

Let’s bring back the reserve clause! Everyone will play for the major league minimum on 1 years contracts! We can abolish the union while we are at it- no need for that anymore. It’s all about the TEAM!

Guest
5 years 6 months ago

Then Football would take 60 percent of HS baseball stars.

CosaOne
5 years 6 months ago

Im not sure if this is sarcasm or not so if it is I apologize. Otherwise Baseball is his job not a hobby he does on the weekend before a few beers with his buddies. Would you take much less then you have earned at your job because you wanna help out the team? Especially when the owner is making millions of of you?

I still dont get why fans are against players getting paid a fair share of the revenue THEY create for their clubs? This guy has done nothing but produce for his club and be in the top 3 starters in the NL why shouldnt he get properly compensated for it? If you were the best employee at your company and brought in multiple millions of dollars in business would you say, “Dont worry its cool, I’ll take whatever you want to give me not what im actually worth on the market?”

It would be great if every player took team friendly deals and helped out the club but not as great as if every owner reduced ticket and merchandise prices to $5 so everyone who wanted to go could and every kid could own his favorite players jersey but thats a fantasy land.

TheHotCorner
5 years 6 months ago

why fans are against players getting paid a fair share of the revenue THEY create for their clubs? I think you summed it up in your last paragraph. Fantasy Land or not I would venture to guess the cost of going to a game is what strikes a chord with a lot of fans.

CosaOne
5 years 6 months ago

The problem is ticket prices are more dependent on supply and demand. Teams will usually charge as much as much as they can get away with. Say a team was paying the minimum for every player on its 25 man roster, but that team was amazing and everyone in the city wanted to go, those tickets would be expensive still because the owners want to maximize their revenue. Even when teams lower payroll they hardly ever lower ticket prices to match that.

Keith Law has written about this before.

bjsguess
5 years 6 months ago

What about players that don’t generate revenue? Should the fans be happy to pay for their salaries as well.

This is a question of risk. You want ownership to assume all of it.

Here’s what I say to players who want to earn more. Start negotiating more leveraged contracts. Take a guy like Lincecum. Instead of 3/37 or 3/41 suggest a deal that is guaranteed to pay 3/33 with incentives..

Here’s how the numbers would break out … $11m per year for the next 3 years. Even if Lincecum sucks beyond this year he will still get $11m (minimum) per season through arbitration. Then if he pitches good, but not great (relatively easy to achieve milestones), you bake in performance incentives to get him to the 3/40 range. This gets him to the point he is negotiating now. Finally, if he pitches like he did in 08/09 his incentives bump him another $10m. Now the deal becomes 3/50.

So a guy like Lincecum assumes more of the risk. If he gets hurt or is otherwise not effective then he leaves about $7m on the table. However, if he plays up to his expectations he could earn an additional $8-$9m above and beyond any deal that is being discussed today.

lefty177
5 years 6 months ago

i like your thinking!

ReverendBlack
5 years 6 months ago

He helps the Giants by doing his job. The Giants need to help themselves by paying him well to do it.

markjsunz
5 years 6 months ago

Reality check time. You are talking about players who played in a different generation. Todays players mostly go to the highest bidder. They all spew the same stuff this is a great city, and this great city has the greatest fans. Then when it is time for a payday not everyone, but most everyone will sign with the highest bidder. If you are looking for loyalty I would recomend you get a dog.

Guest
5 years 6 months ago

HAHAHAHA.

Oh.. you were being serious? Sorry.

5 years 6 months ago

Honestly, I think he can do better…possibly much better. Something like 11/14/17 might be more realistic. If he stays healthy, he’ll probably make more in the arbitration process, but there’s something to be said for “covering your @$$” in case of an injury.

5 years 6 months ago

Agree completely I think those numbers are perfect, add in the bonuses for Cy Youngs (and voting), All Star games ect. and I think he’d agree to a deal.

As for the Giants perspective on it. They will pay $13 million this year in arb. (no way they’d only award $8million). Even if he got injured he’d make pretty good money in arb. the next year, because his starting point is so high. Sure the Giants could cut him and they wouldn’t have to pay, but someone would pay him good money betting on his arm healing.

Cuddy Fox
5 years 6 months ago

Lincecum is awarded of what he gets. If he want 13 mil a year, give it to him. He by the way win 2 Cy Young awards and he will probably win arb anyway.

WisBrave
5 years 6 months ago

At least matching Howard’s first-year arbitration $10MM should be expected. A three-year $37MM deal sounds about right but I would bet before they are negotiations are done the deal will be at least three-year $40MM.

csg
5 years 6 months ago

Hell the Giants are just lucky he’s not asking for more than $13mil. He’s the best pitcher in the game and should be paid accordingly. He’s easily a $20mil + pitcher on the FA market. I know they control his services, but at the same time he’s the face of the franchise and brings in the revenues for this club. He’s worth every bit of the $13 mil and they know they cant win that hearing. Lincecum should just carry in his cy young trophies and say here is my case, enough said

5 years 6 months ago

The Giants also stayed with him when he was found with marijuana (and had to pay a fine) given its not that much, but in an arbitration case, I would imagine that the giants could use this in an argument. Interesting to see where this goes

markjsunz
5 years 6 months ago

What were they going to do release him on a morals clause? So some other team could pick him up.It has been reported that The owner of the Giants gives Saben
a dollar amount he will let him spend on salarys and he has to stay within that amount. The Giants owner is controling the costs of his team.

Guest
5 years 6 months ago

If the Giants used the pot thing against them, then Lincecum would leave in 4 years guaranteed.. Even thought his use of pot has nothing do with these matters..

WillieMaysField
5 years 6 months ago

Lincecum leaving will depend on a number of issue’s most likely cash and/or winning, not anything said in a arbitration hearing. The pot thing is a negative to his reputation. Probably hurting jersey and ticket sales some. The guy used poor judgment admitted to it and wants to move on. The only argument the Giants have is he would be the highest paid pitcher in arbitration history at 8M.

5 years 6 months ago

If I’m Lincecum I’m taking the Giants to arbitration and making the $13 mil. There is no way the Giants win this case their offer is a joke for a guy who has won the last 2 Cy Young awards. You can live a comfortable life very easily on the $13mil alone so his financial security is already somewhat there. Take 13 this year and next year sign a 5 year/90 million contract if you continue the domination. If you have an ok year the good(and bad) thing about arbitration in MLB is that they can have even a bad year and still get a small raise. Lock in 13mil as your base going through arbitration years. It just makes sense

jhfdssdaf
5 years 6 months ago

I don’t think Lincecum signs beyond his arb years. He’s said in the past that he prefers to go year to year. I think it would be better for him to sign a three year deal, take arb the last year, then go out on the free agent market to see where he lands. I may hate seeing that as a fan, but it would maximize his earning potential.

I agree, though – if this is the best the Giants want to do, go to arb. No way he loses.

m4r1n3r
5 years 6 months ago

only a 3 year deal? I would think the giants would want to lock up a pitcher of his caliber longer then that. This would puzzle me if I were a Giants fan.

vtadave
5 years 6 months ago

Why would minimizing risk with a pitcher of his body type and funky delivery puzzle you? I’m sure if he got a three-year deal this offseason and did well in 2010 and 2011, that the Giants would look to extend him again.

m4r1n3r
5 years 6 months ago

Are you kidding me? They said that about him a long time ago and he’s still dominant and still healthy. Dude has 2 Cy Youngs under his belt and he’s still young.

I hope it is a short term deal. Maybe we can get him in an M’s uniform when his time is up like he should be already. F’in idiot Bavasi.

markjsunz
5 years 6 months ago

We heard the same bull crap spewed by the dodgers and Pedro Martinez. It is easy to find a defect or make up one when you have to put a spin on a situation. If you watch his delivery in slow motion it is almost perfect ,he is one of the least likely to have arm troubles. He uses his whole body to pitch with.

zoinks9er
5 years 6 months ago

3 year deal is probably exactly to Lince’s liking. Think of it: 3/$12.3-13 mil. and if he doesn’t take the extension, he’ll be 28-29 entering the market(AKA BIG money for FA anywhere)….it’s a win deal for him, I’d take it and don’t look back

5 years 6 months ago

3/42 with 12 in ’10, 14 in ’11, and 16 in ’12

Rich_in_NJ
5 years 6 months ago

The offer shows the Giants are serious, by making a counteroffer, Lincecum will probably getting them to up a bit.

humbb
5 years 6 months ago

Thank you … finally a post that makes some sense, rather than throwing around a bunch of numbers, realistic or not. This is a negotiation process, and this is the dance that they do. If they go to hearing, that is fine. But I would not be surprised if a deal is struck (in principle) even if Timmy and his agent are in the air on the way to St. Pete – after all, they do have wifi now on airlines.

There are a number of considerations involved in coming to a deal:
– It has been said here that a first-year arb player has generally been awarded about 40% of free-agent market value, which increases by 20%/yr up to 80% in the third year. (Not sure how this applies to Super Two’s) So the $8M Giants offer equates to a FA value of $20M which is reasonable for pitchers. This is presumably based on historical hearing awards and will certainly be argued by the team at a hearing.
-MLB and the MLBPA presumably are exerting excruciating pressures to produce the most favorable outcome for each side. This means a record award for the Players and for MLB, a number that will not bust the current salary structure. A reasonable 3-year deal that starts at $10.5M, but also discounts for possible future injury may satisfy both sides and could be the eventual landing spot.
-Finally Andrew Baggerly brings up a great point in his Feb 3 Extra Baggs blog; the Giants are terrified that MLB will terminate their territorial rights to San Jose and allow the A’s to move there. This is why (supposedly) the team is holding the frugal line on the Lincecum offer and another reason not to go to hearing and land a reasonable deal that doesn’t offend the owners. Of course the Players know this too and will advise on the negotiations accordingly.

Here’s hoping for an eleventh-hour deal that also makes some sense.

slogar1
5 years 6 months ago

Been hearing all week there were no negotiations between the 2 and now this. Typical of the Giants as they are good at not releasing much info to the media. I bet the 2 sides are closer than we are led to believe. Someone said “why only 3 years”? It has been Lincecum’s position all along to go 1 year at a time so it would appear 3 years is a good compromise between him & the team. Put your money on a signing before the the case goes to arb and the deal will fit right into the Giants’ plans to win it all in 2 years.

Lincecame
5 years 6 months ago

If he does sign for 3/37, he still has another arb year left. The Giants are going to have to pay this guy 200MM when that contract is up if they want to keep him. He’s going to command a shit ton of money. 15 in the third year of arb is crazy! That means at least 20 in his final year. He’s going to sign for 25 a year when this is done!

markjsunz
5 years 6 months ago

If he continues on as he is , or wins a few more Cy Young awards he may be able to command 30 million a year. You hear the word Ace used all the time, then you see the so called ace has an earned run avg. in the mid 4`s baring injury Lincecum will be the best pitcher of his generation. There other young guys that are starting to emerge and may also be considered aces but overall in baseball quality pitching is somewhat diluted. Young tim is special indeed. The Dodgers blew it by passing up on this guy. They might have won a championship in the last few years if they took him. They took Kershaw instead which was a good pick but he is not Lincecum.

sfgiantskid
5 years 6 months ago

Sabean 5 years 85 million get it done Verlander and Felix got deals close to this and they are no where near as good

Guest
5 years 6 months ago

Let Felix Hernandez, Greinke, and Verlander pitch 35 games in the NL.. Let them face a pitcher on average of 3 times a game. 3 x 35 = 105. Or you can put Lincecum in the AL and have him face the DH on average of 4 times a game. 4 x 35 = 140.

Lincecum is by far the best pitcher in the NL, in the game? eh..

m4r1n3r
5 years 6 months ago

no where near as good? That’s laughable dude. Yes….yes they are.

5 years 6 months ago

Yeah he plays 32-35 times per year. But when it comes to contract negotiation, that would be a poor argument. Why should he make less that Zito or AJ, Zambrano or Lowe?

Tickets prices are part of being a fan, the same way increase in salary is for a player.

If you were Limcecum you, would you take 9M? when you are the main attraction of you team and the best pitcher in the last 2 season in the NL?

start_wearing_purple
start_wearing_purple
5 years 6 months ago

The reason he should make less than Zito and company is because he’s less experienced despite having superior talent.

That said, I think if the Giants made that offer with the intention of it being a serious offer rather than a starting point, they’re going to be disappointed. It almost seems like their hoping Lincecum is willing to take a hometown discount. Even if the Giants win arb this year then Lincecum, even if he pitches close to as well has he has over the next 3 years, could probably get somewhere north of $42M in arb over the next 3 years. So that, should be the Giants serious offer, $40M-$42M including a signing bonus.

AmericanMovieFan
5 years 6 months ago

Obviously the Giants know that while this offer isn’t a slap in the face, it’s also incredibly low. Even with the security it provides, I still wouldn’t take that over arbitration when he can potentially earn that much during arbitration anyway or more. Lets say if he went year to year, he’d end up earning somewhere between $60-80MM for those 4 years of service time if he stays healthy. I think a lower offer that saves the Giants money but gets Lincy close to what he could get in arbitration would be suitable. Say, 4 years/$56MM. Just an idea.

5 years 6 months ago

Everybody keeps talking about how he is worth $20 million… and he would be, if he was a free agent. He’s not. You know how much Pujols was making at the same stage of his career? $4 million. And that was coming off three years that probably would have netted him 2 MVPs if Bonds wasn’t in the league. Now, Pujols never went to arbitration and that was part of a long term deal but it is a reminder that this is how arbitration works. Lincecum is not supposed to get his free agent value, otherwise why even have the idea of team control and arbitration to begin with?

chetsteadman
5 years 6 months ago

this deal will get done today. Neither party wants to go to arbitration and have the possibility of bad blood between them. The Giants honestly don’t have the money to spend right now. Its a good deal for both parties as it stands. They’ll settle at around 39 million and once Rowand, Renteria and Zito are off the books, they can put together a better deal. This is assuming Timmy’s still healthy and pitching as well as he has. I’m not too worried about that not being the case.

dire straits
5 years 6 months ago

The bad blood, my friend, is already there. And both parties are partially responsible. The Giants initially insisted on lowballing an offer, but it’s somewhat understandable. Still, the guy deserves a significant raise. Now it seems that Lincecum’s primary goal, as Tim says, is to surpass “Howard’s first-year arbitration figure.” Lincecum is going to end hurting his image.

Lincecum_Says_GSP
5 years 6 months ago

Bad blood? What reports have you been reading? Lincecum is handling this the right way… letting his agent do his job which lets him focus on baseball. He seems to have a good understanding of the business and doesnt let it get to him, or at least doesnt show it. At the end of the day he’s a Giant for 4 more seasons and he genuinely seems to like playing with the group of guys he’s playing with so I see this being resolved before the hearing with something around 3/45 which may even be a “hometown discount” considering he’d probably make more just going year to year in arbitration if he thinks his health and performance from the last two seasons can be sustained.