Lincecum settles with the Giants on a two-year deal

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The Giants and Tim Lincecum have agreed to a two-year $23 million contract today, avoiding arbitration.  The exact split of the dollars across those two years has still not been confirmed.  My source is telling me that the first year of the deal will be between $9.5-$10 million.  Jon Heyman, in contrast, is reporting that it’s $8 million in 2010, $13 million in 2011 with a $2 million signing bonus, paid out at a million a year. (UPDATE: I’m told that, for whatever reason, the union values signing bonuses as all applying to the first year of the deal, while MLB prorates it over the life of the deal. Accordingly, both my number and Heyman’s is right.  To the union, Lincecum is making $10 million in 2010. To MLB, he’s making $8 million in salary + $1 million in signing bonus).

Either way, this deal has me puzzled, because it sounds less appealing in most respects than the three year, $37 million offer Lincecum reportedly rejected.  I understand why the Giants and Major League Baseball would want this — they consider it extremely important that Ryan Howard’s record $10 million first year arbitration award not be exceeded — but I’m not sure what’s in it for Lincecum.  Security, sure, but it comes at a pretty hefty cost.

Whatever the case, the Giants have their ace, Tim Lincecum is a very rich man, and we won’t have to go through this again with Timmy — a man who is arbitration eligible for four years due to his super two status — until 2012.

The Indians have expressed an interest in Asdrubal Cabrera

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Jerry Crasnick of ESPN reports that the Indians have expressed interest in Asdrubal Cabrera.

Cabrera, who began his career in Cleveland, would be a utility guy. Which is not exactly the Indians’ greatest need — they need a starting pitcher above all else — but improvement is improvement. Not much improvement in Cabrera’s case as he’s hitting .250/.333/.398 with nine homers in 70 games this season, but that’s useful if he’s cool with a strictly utility role. Which he’d have to be given that the Indians are solid at second, third and short.

Cabrera would come pretty cheaply of course. Partially because he’s not major piece, partially because he sort of hilariously demanded a trade last month. In large part because he wants to play shortstop which, now that I think about it, may complicate this whole “Cabrera for a utility role” idea the Indians seem to have.

The Rangers are shopping Yu Darvish

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Jeff Passan of Yahoo reports that the Rangers “have started reaching out to teams potentially interested in acquiring” Yu Darvish.

Texas is only 4.5 games out of the second Wild Card slot, but there are five teams ahead of them and they’ve really never had any traction this year. Such is not the stuff on which a team bases an all-in playoff run. Darvish, meanwhile, is in his walk year, so the Rangers have some incentive to get value for him. Passan says the Astros, Brewers, Yankees, Indians, Rockies and Dodgers could have interest in him, but really, he’d improve any contender.

Darvish is 6-8 with a 3.45 ERA and 131 strikeouts and 42 walks in 125.1 innings.