Report: Giants offered Tim Lincecum a two-year, $40 million contract

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We heard this morning that the Giants and Tim Lincecum were making “significant progress” in contract negotiations. Now we have some specifics.

According to Tim Brown of Yahoo! Sports, the Giants offered Lincecum a two-year, $40 million contract while the ace right-hander’s reps countered at two years and $44 million. With such a small gap separating the two sides, the expectation is that they’ll be able to get a deal done without an arbitration hearing next month. A two-year deal would cover Lincecum’s remaining arbitration seasons and allow him to test free agency after 2013.

Lincecum, 27, earned $13 million last season in the second year of a two-year, $23 million deal. He requested $21.5 million and was offered by the Giants $17 million when arbitration figures were exchanged Tuesday. Both were record filings for a player with less than six years of service time.

Orioles CEO, brother agree to dismiss legal dispute

Tommy Gilligan-USA TODAY Sports
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Baltimore Orioles CEO John Angelos and his brother Lou have agreed to end their fight over a lawsuit in which Lou accused John of seizing control of the team in defiance of their father Peter’s wishes.

Lou Angelos sued John last year, claiming John took control of the Orioles at his expense. Georgia Angelos, their mother, also was named as a defendant.

In a Friday court filing in the case, John, Lou, Georgia and Peter Angelos called on “all claims, including all counterclaims and defenses, asserted therein be dismissed with prejudice in their entirety.”

“The Parties also withdraw and terminate all pending motions submitted in these actions,” the filing said.

Peter Angelos became the Orioles’ owner in 1993, but his public role has diminished in recent years and he turned 93 last year. According to the suit, he had surgery after his aortic valve failed in 2017.

Lou Angelos accused John of trying to take control of Peter Angelos’ assets and manipulating Georgia Angelos. The lawsuit was one of a handful of off-field issues looming over the Orioles this offseason. The team also has a lease at Camden Yards that expires at the end of the year.