Giants Rumors: Lincecum, Sanchez, Penny

Andrew Baggarly of the San Jose Mercury News has the goods on the Giants, after speaking with GM Brian Sabean and manager Bruce Bochy.

• Technically, Sabean and Bochy's contracts are up at the end of the month.  They don't have commitments for 2010 in hand, yet the expectation is that both will be back.
• In discussing Tim Lincecum's upcoming arbitration case, Sabean referenced Ryan Howard's record first-time award ($10MM) from February of '08.  Of course, with Howard, the Phillies screwed up by submitting only $7MM.  Sabean wants to file his salary request for Lincecum before discussing a long-term deal, so as to not show his hand early.
• Closer Brian Wilson is another first-time arbitration-eligible player, and you have to think he'll jump up to $5MM+.
• The Giants would like to restructure Freddy Sanchez's $8.1MM option into a two-year deal, but seem confident in his return.  Baggarly says they even consider the option as a fallback if the restructuring fails.  I can't see Sanchez getting $8.1MM on the open market.
• A Brad Penny return appears unlikely.  If he sticks to the NL and the West Coast he'll be down to the Padres pretty much.  It'd also be surprising to see the Giants re-sign catcher Bengie Molina, who wants a two-year deal worth more than $6MM annually.
• Sabean wouldn't rule out trading a pitcher for a bat, but said he'd agonize over such a decision.
• Brandon Medders, Justin Miller, and Ryan Garko are non-tender candidates.  The Buster Posey and Madison Bumgarner call-ups locked up two 40-man roster spots.
• Quoting Baggarly: Sabean justified the $18.5 million contract he gave [Edgar Renteria] last winter by saying they needed a veteran shortstop."