Giants, Tim Lincecum agree to two-year, $35 million deal

icon
Tuesday October 22nd, 2013

The San Francisco Giants have signed ace Tim Lincecum to a 2-year deal. Tim Lincecum has agreed to a two-year contract with the San Francisco Giants. (Thearon W. Henderson/Getty Images)

Two-time Cy Young winner Tim Lincecum has agreed to a two-year deal that will keep him with the San Francisco Giants, according to MLBTradeRumors.com.

CBS Sports' Jon Heyman reports that the deal is worth $35 million.

Lincecum is reported to have turned down an earlier two-year offer from the Giants this month in the hopes of getting a better offer before he had a chance to test the free-agent market this winter.

CORCORAN: Lincecum's new contract is inexplicable

The qualifying offer for compensation should Lincecum have gone to the open market was $14 million for one year.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide—from Peter King, Tom Verducci, Lee Jenkins, Andy Staples, Grant Wahl, and more—delivered straight to you, along with up-to-the-minute news and live scores.