The deal is pending a physical, which had yet to be scheduled, according to assistant GM Bobby Evans.
General manager Brian Sabean said when the season ended among his top priorities was to bring back the two-time NL Cy Young Award winner, who also indicated he cherishes familiarity and wanted stay with the only club he has known. He pitched the Game 5 clincher in the 2010 World Series at Texas, then shifted to the bullpen and became a reliable reliever during the Giants' 2012 run to their second title in three years.
Sabean wanted to lock up Lincecum's deal before he hit free agency.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.