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.

And That Happened: Tuesday’s Scores and Highlights

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OK, so today it’s just the scores. I’m catching an early flight home from St. Louis — the land of unhappy Cardinals fans, based on my interaction with them late last night — and don’t have time for a full recap. But if you use your imagination I’m sure you can fill in the blanks.

Short version, though: a great night for Christian Yelich and the Brewers, who pulled to within a half game of the Cubs after dominating St. Louis. A bad night for the Cardinals, whose loss to those Brewers — combined with the Rockies’ win over the Phillies — puts them a half game outside of the playoff picture and moves Colorado into the second Wild Card slot. Also a bad night for the Dodgers whose walkoff loss to Arizona puts them only a half game ahead of Colorado in the NL West.

We only have five days left in this season, but there’s still stuff to sort out.

The scores:

Royals 4, Reds 3
Yankees 9, Rays 2
Nationals 9, Marlins 4
Astros 4, Blue Jays 1
Braves 7, Mets 3
White Sox 5, Indians 4
Brewers 12, Cardinals 4
Pirates 6, Cubs 0
Tigers 4, Twins 2
Rockies 10, Phillies 3
Diamondbacks 4, Dodgers 3
Angels 4, Rangers 1
Mariners 10, Athletics 8
Giants 5, Padres 4
Orioles vs. Red Sox — POSTPONED