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REPORT: The Giants offer Lincecum $37 million over three years

Feb 11, 2010, 9:22 AM EDT

John Shea of the
San Francisco Chronicle reports
that the Giants have offered Tim Lincecum a
three-year, $37 million contract. The proposed contract would includes annual salaries of $9.5 million, $12.5 million and $15 million. Lincecum’s people reportedly countered with something north of $40 million. No one will confirm that, but the Giants are saying that negotiations are “ongoing.”

Good to see that the parties are engaging, and I reckon that 3/$37M is a good starting point, though I’m having a really hard time seeing Lincecum accept something that pays him less than he’s likely to win — in my view anyway — in arbitration for 2010 alone for two of the three years of the deal.

  1. Preston - Feb 11, 2010 at 9:49 AM

    Yeah, if I’m Lincecum, I ask for 12/15/18, or 3 years, $45 million. That’s still probably a small discount over what he’s likely to get in arbitration, due to the injury risk. That Giants offer has a lower average annual value than he’s likely to get in arbitration this year, though – no way he takes it, nor should he.

  2. APBA Guy - Feb 11, 2010 at 10:00 AM

    Why in the world would Tim take less than Felix Hernandez received earlier this year? If I’m Lincecum, going year to year is plausible right up until free agency. How much did Santana and Sabathia get?

  3. YX - Feb 11, 2010 at 10:08 AM

    That salary is pretty much the natural progression of Lincecum’s arbitration figure if they split the difference this year.
    Basically Giants lowballs Lincecum and when they appears in a lose-lose situation, come back and says, let’s split the difference and calls it even.
    If Lincecum loses the arbitration case, he is on a 8-10-12-15 (30 first 3 year) path if his performance become human, 8-12-16-20 (36 first 3 year) if he maintain current level.
    If he wins, his paths become 13-15-18-20 (46) and 13-18-23-25 (54)
    Also if he takes the 3 year offer, he would lose some leverage in the 4th year of arbitration due to lack of established path.
    So the only cases the 3 year deal works for him if he expect to lose the hearing and / or major injury within 2 years. There is no way Lincicum and his agent would bite anything south of 40.

  4. Joey B - Feb 11, 2010 at 10:59 AM

    It doesn’t seem like enough. $37M seems like the downside risk for Lincecum, barring a major injury. He should have to pay something if he wants out from under the injury risk, but I think He’d have to see a good $40M+ to make it worth his while.

  5. moreflagsmorefun - Feb 11, 2010 at 11:14 AM

    He should take nothing less than 3 years @ 45 million, this is more than fair , the Giants are playing with fire.

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