Fresh off the Hunter Pence deal, the Giants now look to retain Tim Lincecum

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The Giants made headlines earlier today when they signed outfielder Hunter Pence to a five-year, $90 million contract extension. With that hurdle cleared, the Giants are now focusing on keeping starter Tim Lincecum around, reports Hank Schulman.

Though Lincecum has had a tough couple of years, he has been the biggest reason for their recent success, taking home back-to-back NL Cy Young awards in 2008 and ’09, and contributing to their championships in 2010 and ’12. Since the start of the 2012 season, however, Lincecum has a 4.76 ERA over 65 starts. He has shown promise at times and has looked better lately, posting a 3.66 ERA in his last six starts to wrap up the season.

Lincecum earned $22 million this season, the last of a two-year, $40.5 million extension signed in January 2012. CSN Bay Area’s Andrew Baggarly suggests Lincecum could fetch $30 million over three years on the open market, so the Giants would need to present a competitive offer.

Twins will not pick up Glen Perkins’ 2018 option

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The Twins have informed reliever Glen Perkins they will not pick up his 2018 club option worth $6.5 million, MLB.com’s Rhett Bollinger reports. Instead, he will be paid $700,000 per his buyout clause.

Perkins, 34, has pitched a total of 7 2/3 innings over the last two seasons due to shoulder and biceps injuries. Bollinger adds that the two could come to terms on a minor league deal, but if they can’t reach an agreement, the lefty is likely to retire.

From 2011-15, Perkins emerged as one of the better relievers in baseball, making three All-Star teams. He compiled an aggregate 2.84 ERA with 340 strikeouts and 73 walks across 313 1/3 innings.