Team: Giants reach deal with Tim Lincecum

SAN FRANCISCO (AP) ? Two-time NL Cy Young Award winner Tim Lincecum and the San Francisco Giants have reached a verbal agreement on a two-year contract worth about $40 million.

Giants executive Bobby Evans announced the deal Tuesday. It is subject to a physical and avoids an arbitration hearing.

Lincecum had asked for a near-record $21.5 million in salary arbitration and had been offered $17 million by the club.

The 27-year-old, the winning pitcher in the Game 5 World Series clincher at Texas in 2010, earned $13.1 million last season when he completed a two-year deal worth $23.2 million.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-01-24-BBN-Giants-Lincecum/id-85cb78abe80c404c9e2cdc3390d99863

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