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.

Report: Astros, Ryan Pressly close to agreement on two-year, $17.5 million extension

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Chandler Rome of the Houston Chronicle reports that the Astros and reliever Ryan Pressly are close to finalizing a two-year, $17.5 million contract extension, which will also include a third-year vesting club option. Rome notes that the extension is believed to be the largest, in terms of both total money and average annual value, for a reliever who is not a closer.

Pressly, 30, agreed to a $2.9 million salary for the 2019 season back in January, avoiding arbitration in his final year of eligibility. The Astros acquired Pressly from the Twins near the end of July in exchange for a pair of minor leaguers. Pressly posted a 3.40 ERA in 47 2/3 innings with the Twins and a 0.77 ERA in 23 1/3 innings with the Astros. In the playoffs, Pressly allowed just one run on one hit and three walks with seven strikeouts across five innings of work.

Along with Héctor Rondón, Pressly will once again help bridge the gap to closer Roberto Osuna.