Giants re-sign Tim Lincecum to 2-year, $35 million deal

Denis Poroy

Pending a physical, the former Cy Young winner will be staying in San Francisco through the 2015 season.

The San Francisco Giants have agreed to terms with right-hander Tim Lincecum on a two-year contract that'll keep him in the Bay Area through the 2015 season, the team has announced. As always, the official seal of approval won't be handed out until he passes a physical.

The deal is believed to be for $35 million in total, per Jon Heyman of CBS Sports, and also includes a full no-trade clause. If the dollars are meted out evenly over both years, Timmy stands to make $17.5 million per season. The deal also includes performance bonuses per his agency, Beverly Hills Sports Council.

Until the moment the announcement was made, it was largely assumed that the Giants would at least let Lincecum hit the open market on Nov. 1 so that they could make him a qualifying offer, which would have been a one-year, $14.1 million deal. Lincecum's actual deal blows the qualifying offer out of the water, which may explain why the club didn't wait to lock him down.

The right-hander made $22 million in 2013, but wasn't expected to reach anywhere near that figure in free agency after falling on hard times the last two seasons. After amassing a 2.98 ERA over his first five seasons with the Giants, the two-time Cy Young winner imploded in 2012 and hasn't been able to regain his form since then.

While his July no-hitter gave fans a glimpse of the old Lincecum, his 4.76 ERA in 65 starts over the last two seasons is indication that the old, dominant Timmy may not be coming back.

More from SB Nation MLB:

World Series: Adam Wainwright vs. Jon Lester in Game 1

St. Louis mayor refuses traditional World Series wager

The 12 biggest names on the trading block

Our 5 favorite memories of Jim Leyland

Death of a Ballplayer: Wrongly convicted prospect spends 27 years in prison

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.