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.

Athletics DFA Liam Hendriks

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The Oakland A’s have designated reliever Liam Hendriks for assignment.

Hendriks got blown up for four runs on four hits — two homers — in an inning of work yesterday and the A’s have apparently seen enough. It’s been a rough go if it all around, really, as he’s posted a 7.36 ERA over 13 appearances.

Hendriks, who appeared in 70 games last season, signed a one-year deal last winter to avoid arbitration. The deal is for $1.9 million, so anyone claiming him off of waivers or trading for him will owe him a bit over half of that. Given the durability the eight-year veteran has shown in previous seasons that’s not out of the question, but his ineffectiveness this year, combined with a groin problem that caused him to miss some time, may give suitors pause.