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.

Rays trade Jake Odorizzi to Twins

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The Rays have traded right-hander Jake Odorizzi to the Twins, per team announcements on Saturday evening. The Twins will receive minor league shortstop Jermaine Palacios in the deal. Despite previous speculation, recently-DFA’d outfielder Corey Dickerson was not included in the trade.

With Odorizzi, the Twins finally have the front-end starter they’ve been seeking all winter. It’s a bargain deal as well, as the 27-year-old righty is under contract through 2019 and didn’t require the club to part with any of their top-shelf prospects in the trade. Odorizzi will be looking to stage a comeback in 2018 after a dismal performance with the Rays last year, during which he eked out a career-worst 4.14 ERA, 3.8 BB/9 and 8.0 SO/9 through 143 1/3 innings.

Palacios, 21, ranked no. 27 in the Twins’ system last season. He split his year between Single-A Cedar Rapids and High-A Fort Myers, raking a combined .296/.333/.454 with 13 home runs and 20 stolen bases in 539 plate appearances. He’s expected to continue developing at shortstop, though he’s also seen limited time at second and third base during his four-year career in the minors.