Giants, Lincecum reach 2-year deal

Baseball Betting Lines

01/24/2012 - San Francisco, CA (Sportsbook Betting Lines) - The Giants and two-time NL Cy Young Award winner Tim Lincecum have reached a verbal agreement on a two-year contract, avoiding arbitration.

The San Francisco Chronicle reported the deal on Tuesday, which will buy out Lincecum's final two years of arbitration eligibility, to be worth $40.5 million. According to the paper, the right-hander will earn $18 million this coming season and $22 million in 2013. He also receives a $500,000 signing bonus.

Lincecum, 27, had 2.74 earned run average and struck out 220 batters over 217 innings last season but still wound up with a losing record (13-14) because of the Giants' light-hitting offense. San Francisco was next-to-last in the league in runs with 570. Only Seattle (556) scored fewer than the Giants.

The Washington native owns a career record of 69-41 with a 2.98 ERA.

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