Tim Lincecum, a former Washington Huskies pitcher, and the San Francisco Giants reached a preliminary agreement Friday on a $23 million, two-year contract ahead of the scheduled start of an arbitration hearing.
SAN FRANCISCO — Tim Lincecum can finally move forward from a contract situation that was unsettled and focus on baseball again. The same goes for the San Francisco Giants.
Lincecum, a former Washington Huskies standout, and the Giants reached a preliminary agreement Friday on a $23 million, two-year contract ahead of the scheduled start of an arbitration hearing.
The two-time reigning NL Cy Young Award winner had been set to ask for an arbitration-record $13 million salary for 2010 during a hearing Friday in St. Petersburg, Fla.
Lincecum gets a $2 million signing bonus, $8 million this year, $13 million in 2011 and the chance to earn performance and award bonuses. The agreement is subject to a physical.
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Lincecum, 25, appeared in Clark County District Court in Vancouver on Jan. 19 and agreed to pay $513 to resolve marijuana charges against him.
Lincecum originally faced two misdemeanor charges of marijuana and drug-paraphernalia possession stemming from an Oct. 30 traffic stop. The charges against him were reduced to a civil infraction.
The hard-throwing pitcher teammates call “Franchise” and “Freak” is getting a nice raise from his $650,000 salary last year.
Things came together Friday morning in a surprising development, said Bobby Evans, Giants vice president of baseball operations. The Giants also offered Lincecum a three-year contract.
“It’s a win-win for both sides,” said Evans, noting nothing is official until Lincecum passes the physical. “I had no idea. I was not expecting a settlement at all. I don’t know what changed. It’s always ideal to have something both agree to as opposed to a third party figuring it out.”
In addition to his salary, Lincecum would earn $200,000 for pitching 225 innings, a figure he reached in each of his two full seasons. He would get $500,000 for each Cy Young Award, $250,000 for second, $100,000 for third, $75,000 for fourth and $50,000 for fifth. He also would get $100,000 each time he is an All-Star, $100,000 for NL most valuable player and $75,000 for World Series MVP.
CHICAGO — Saying he is “at peace” with his decision, Frank Thomas announced his retirement after a 19-season career in which he hit 521 homers and won American League MVP awards with the Chicago White Sox in 1993 and 1994. Considering he didn’t play last season, the news wasn’t shocking.
“It took awhile to get to this point,” said the 41-year-old Thomas, a five-time All-Star who batted .301 in his career.
• Outfielder Corey Hart, 27, beat Milwaukee in the first arbitration decision of the year. He was awarded a raise from $3.25 million to $4.8 million rather than the Brewers’ offer of $4.15 million.
Hart hit .260 with 12 homers and 48 runs batted in last season.
Owners hold a 280-208 margin in cases that have gone to hearings since arbitration began in 1974.
• Right-hander Jeremy Guthrie, 30, and Baltimore agreed to a $3 million, one-year contract that avoided a hearing. He was 10-17 with a 5.04 earned-run average last year, when he made $650,000.