SF Giants News

CBS Sports Reporting Tim Lincecum & Giants Near Two Year Deal

By Bryan Rose

Per CBS’ Jon Heyman:

"lincecum, #sfgiants very, very close on 2-year deal for a little over $40M. avoids arb into free agency"

The deal, which has been widely speculated for a few weeks fits right on point as to what was expected by many fans and insiders.

Expect the deal to be announced shortly.

Update – John Shea and Schulman reporting that a verbal agreement has been reached.

Update #2 – Deal is for two years, $40.5 million dollars. Lincecum will get $18 million in 2012, $22 million in ’13 and a 500K signing bonus.