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The Giants and Tim Lincecum have made “significant progress” in contract talks

Jan 21, 2012, 8:47 AM EDT

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Tim Lincecum requested $21.5 million and was offered by the Giants $17 million when arbitration figures were exchanged Tuesday. Both were records for a player with less than six years of service time. Andrew Baggarly of the San Jose Mercury News reports that “significant progress” has been made in negotiations since the filing numbers were exchanged and that both sides are confident they can strike a new deal without going to an arbitration hearing next month.

The length of the contract being discussed isn’t exactly clear, but Lincecum remains under team control for two more seasons and is reluctant to give up any of his free agent years unless it’s part of a long-term deal. The Giants previously balked¬†at the suggestion of an eight-year contract, not surprisingly. However, Baggarly writes that there at least appears to be “plenty of common ground” on the value of a one- or two-year deal.

Lincecum, 27, posted a 2.74 ERA and 220/86 K/BB ratio over 217 innings in 2011. The two-time NL Cy Young winner has a 2.98 ERA over his first five seasons in the majors.

  1. thomas2727 - Jan 21, 2012 at 9:55 AM

    Lincecum is practically worshiped in San Francisco.

    He is already among the legendary names in San Francisco sports like Mays, Montana, Young, Rice and Bonds etc.

    The Giants want to be very careful about letting him leave town in a couple years without making every effort to keep him.

    Giants fans are not going to accept financial excuses with the bloated salary Zito “earns”

    Ownership needs to get Lincecum signed to an acceptable deal that keeps him a Giant for the foreseeable future.

    • crisisjunky - Jan 21, 2012 at 11:53 AM

      They will. Timmy does better, maximizing his earnings going year to year, than taking a back-loaded deal while waiting for the Zito $ to come off the books. said $ would essentially become Tim’s dollars long term. 19.5mm (or so) and 25 later is better than 15 now and 25 later.
      When Zito is gone they will sign him.
      What they need to concentrate on NOW, with all that dough they’re making is….
      PRINCE! The new Designated Splash Hitter.
      Yes, Huff can dance… especially around a ground ball.
      Belt? we’ll see…..

  2. randygnyc - Jan 21, 2012 at 12:13 PM

    2 years for 40 million. 19 million for 2012. 21 million for ’13. Next.

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