Tim Lincecum and the San Francisco Giants reached a contract agreement that is worth $23 million over the next two seasons.  Lincecum will receive a $2 million signing bonus and be paid $8 million for the 2010
season.  His salary will be raised to $13 million in 2011.  He also can get money for performance and award bonuses.  This is a large pay raise for the back to back NL Cy Young Award winner.  The 25 year old made just $650,000 last season.  He is eligible for free agency after the 2013 season.

This is definitely something that both sides can be relieved about. Lincecum was asking for $13 million in arbitration while the Giants were only willing to offer $8 million.  This deal gives Lincecum the money he wanted and gives San Fran arguably the best pitcher in the league for the next two seasons.  Everyone can move on now.  Lincecum is 40-17 with a 2.90 ERA and 676 strikeouts in his first three seasons.

-Matt