Giants Sign Tim Lincecum To Two-Year Deal

The Giants and Tim Lincecum have agreed to a two-year, $40.5MM contract extension, avoiding arbitration with the two-time Cy Young Award winner.  The contract became official once Lincecum passed his physical with the team. 

The two-year deal buys out Lincecum's final two seasons of arbitration eligibility and avoids a potentially historic hearing.  The right-hander will earn $18MM in 2012 and $22MM in 2013 to go along with a $500K signing bonus.  The deal includes a limited no-trade clause that allows Lincecum to select a certain number of teams to which he can block a trade.  Both sides remain open to discussing a longer term contract in the near future.

Lincecum, a Beverly Hills Sports Council client, filed for a $21.5MM salary through arbitration and the Giants countered at $17MM, as MLBTR's Arbitration Tracker shows. Both figures set new records for players with less than six years of service time. Derek Jeter ($18.5MM) and the Yankees ($14.25MM) had established the previous marks more than a decade ago, in 2001.

Lincecum, 27, has a 2.98 ERA with 9.9 K/9, 3.3 BB/9 and a 47.1% ground ball rate in 1028 career innings. He already has two Cy Young Awards and four All-Star Game selections to his name. Only four pitchers – Roy HalladayC.C. SabathiaJustin Verlander and Dan Haren – have produced more wins above replacement since 2007, Lincecum's rookie season.

Henry Schulman of the San Francisco Chronicle was the first to report that an agreement had been reached, with Jon Heyman of reporting earlier on Tuesday that the sides were "very, very close" to a two-year deal worth a little more than $40MM.  Schulman, his Chronicle colleague John Shea and Andrew Baggarly of the San Jose Mercury News all added contract details (all links are via Twitter).

47 Responses to Giants Sign Tim Lincecum To Two-Year Deal Leave a Reply

  1. NYYANKEES 3 years ago

    Good for him

  2. Lights415 3 years ago


  3. bigpat 3 years ago

    Hmm, now let’s see if they can fit Matt Cain into the payroll…

    They’d be fine if it’s weren’t for that Zito guy.

    • rainyperez 3 years ago

      You do know they have an ever increasing payroll that is at $130 million right now…

  4. baseball52 3 years ago

    Timmeh making bank!

  5. MrBaseball29 3 years ago

    He might get a 200 mil contract in 2 years

    • Zuidvogels 3 years ago

      He’s gonna get paid for sure. But I’m guessing at 29 teams may be a bit more leery of his physique will keep the bidding under 200M.

      • jwsox 3 years ago

        We were all saying the same thing about fielder and look what happened there.

      • Corey Italiano 3 years ago

        If he puts up number in line with his career numbers, he will get paid.

      • melonis_rex 3 years ago

        I can’t see him topping CC’s contract, especially with (false?) concerns about his durability due to build. 

  6. alan104 3 years ago

    For being such a little dude he sure can pitch big. Good for him. Will have to see how the next 2 years pan out before I can guess on a future contract.

  7. Big Time Timmy Jim!  Keep on proving everybody wrong baby!  Too bad the Gints couldn’t buy out some FA years but I can understand with the hardware he’s got why its a tough sell.

  8. Exposfan 3 years ago

    Great signing but when I saw the word “extension”, I though it would apply for 3 years or more

  9. PRKnight 3 years ago

    Congrats to my boy Timmy! Keep proving them wrong. 

  10. 55saveslives 3 years ago

    After this season, a ton of $$ coming off the books:

    Rowand $12 mill
    Huff $10 mill
    F. Sanchez $6 mill
    Cabrera $6 mill (Unless extended)
    Affeldt $5 mill
    Pagan $4.5 mill (unless extended)

    Then the albatross comes off the books after next season.

    There is money to play with…

    • timmah_55 3 years ago

      More sources say that Roawnd is actually owed 13.6 mill rather than 12 mill. Currently I have the Giants’ 2012 payroll at 128.5 mill including Rowand’s 13.6 mill and 2013 payroll at 108 mill minus all the players you mentioned. Maybe a small move for a bench bat this year and a upgrade for middle infield or OF next year?

  11. A player who only impacts the team once every five days does not warrent 20 million per.

    • If you actually do the math, I’m pretty sure a lot of starting pitchers are actually involved in just as many plays as most position players.

    • melonis_rex 3 years ago

      but have a much, much bigger impact on the games they DO  play in than any position player. 

      A position player gets ~4 PA/game. A pitcher who makes a quality start (6IP) gets 18 opposing batters out. 7 IP means 21 outs, etc. 

    • Were you saying that in the 2010 World Series?

  12. love4local 3 years ago

    The Giants never won the World Series with a big bat like Bonds. They won with the great pitching arms, of course including Lincecum. So, I’m glad he will be on the team for a lot longer. He deserves it.

    • HummBaby 3 years ago

      Well said.

    • bayareabeast 3 years ago

      exactly..if anything he’s already earned most of this money. people forget so easily. 2 cy’s and a ring, thats darn near legendary and hes still under 30.

  13. OaklandFan22 3 years ago

    not worth 20 mil year

    • northsfbay 3 years ago

      You never have to worry about A’s players making 20 million.

  14. haha says an oakland fan…appearantly nobody is worth anything there

  15. Ricardo Ronda 3 years ago

    Linc is awesome .. filthy.. nasty pitcher – best I’ve seen since Gooden – Hope he does work and gets paid .. he is so non generic – great for the game

  16. windycitywarrior 3 years ago

    If I was a Giants fan I would be a little mad about the fact that Lincecum has practically extorted money from the organization without ever committing to them long term. I know he is worth it but thats the kind of money you should make if you are pitching within a long or mid term contract. By him squeezing every single possible dollar from the Giants and only signing for 1 or 2 years at a time it leaves them unable to invest in a big time bat. I say again I think hes worth the money but only with a longer commitment. Timmy bad.

    • How many other pitchers have accomplished what he has at age 27? As for a bat, the Giants will find one. And it also takes out Lincecum’s remaining arbitration years.

      In addition, the Giants have an additional source of revenue from UC Berkeley, which is paying rent to the Giants for home football games at AT&T Park.

    • Guest 3 years ago

      short commitments for pitchers are so good. this is so much better for the giants.

  17. slider32 3 years ago

    I would think with 40 million coming off the books next year and Zito off the books the year after the Giants can keep Lincecum and Cain and still make some upgrades in the field over the next few years.

  18. flokel007 3 years ago

    Bottom line-all these fools make waaaaaaaay too much money.  None of them are worth the money they make!  Don’t get me wrong-I love the game, but the salaries are ridiculous!!!  Would rather not now what they make.

  19. rainyperez 3 years ago

    2013 which falls in line when Tim becomes a FA. They also have a ton of position players under control till 2015 and beyond. Sandoval, Belt, Bumgarner, Posey, and Brown. Which means they will sign Cain and Lincecum plus a FA big bat. Giants are in in the top echelon of spenders now and even their FO have said their payroll will rise consistently every year.

  20. Dan Wohl 3 years ago

    Nope. 2/39 left, then an $18 mil option for ’14 (LOL) or a $7 mil buyout.

  21. 55saveslives 3 years ago

    no 20 mill next yr then 7 mill buyout after.

  22. Encarnacion's Parrot 3 years ago

    Cool story bro.

  23. vtadave 3 years ago

    Yeah they should have just non-tendered him and signed one of those big bats still on the market right?

  24. jordan4giants 3 years ago

    LOL. Best joke of the day. For the next one can you say, “the sun rises in the west”. Tim not worth 40mill, sir you just made me laugh in the silent section of the library. THANK YOU!

  25. are you smokin’ weed too?

  26. Jason_F 3 years ago

    I’m interested in what you think he is worth.  Can you please share with us?

  27. timmah_55 3 years ago

    He’s worth less than Ryan Vogelsong, of course.
    Lincecum: 13-14, 2.74 ERA
    Vogelsong: 13-7, 2.71 ERA

    They should have gave him the 2yr/$8.3mil that Vogelsong got. LOL.

  28. love4local 3 years ago

    Cause hair has a lot to do with pitching…

  29. Brad426 3 years ago

    A “Rounders” reference. Wow, well done.

  30. windycitywarrior 3 years ago

    Im not saying he isnt worth the money. I just think as a Giants fan (which Im not particularly) I would have wanted him to sign at least a 4 or 5 year deal by now. To me it just seems like he is extracting as much as he can for as little commitment as possible. I know he is working within the parameters of the union. I was joking about the extortion. But you see my point. Guys normally dont get that much on short 2 year deals.

  31. Guest 3 years ago

    what a disaster

  32. Matt 3 years ago

    Not good reasoning.

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