The Giants and Tim Lincecum have made “significant progress” in contract talks

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Tim Lincecum requested $21.5 million and was offered by the Giants $17 million when arbitration figures were exchanged Tuesday. Both were records for a player with less than six years of service time. Andrew Baggarly of the San Jose Mercury News reports that “significant progress” has been made in negotiations since the filing numbers were exchanged and that both sides are confident they can strike a new deal without going to an arbitration hearing next month.

The length of the contract being discussed isn’t exactly clear, but Lincecum remains under team control for two more seasons and is reluctant to give up any of his free agent years unless it’s part of a long-term deal. The Giants previously balked at the suggestion of an eight-year contract, not surprisingly. However, Baggarly writes that there at least appears to be “plenty of common ground” on the value of a one- or two-year deal.

Lincecum, 27, posted a 2.74 ERA and 220/86 K/BB ratio over 217 innings in 2011. The two-time NL Cy Young winner has a 2.98 ERA over his first five seasons in the majors.

Padres acquire Phil Hughes from Twins

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Twins right-hander Phil Hughes is headed to the Padres, according to announcements from both teams on Sunday. The Padres will also receive the 74th overall draft pick and cash considerations from the Twins, who are getting minor league catcher Janigson Villalobos in return. Minnesota is expected to absorb $7.5 million of Hughes’ $22 million contract; per MLB.com’s Mark Feinsand, they’ll take on his remaining salary for the 2018 season and pay an additional $5.7 million in 2019.

Hughes, 31, is far from the 16-win, sub-4.00 ERA hurler the Twins enjoyed in 2014. He hasn’t pitched more than 60 innings in any season since 2015, due in part to multiple bouts of back stiffness and shoulder surgeries. He was designated for assignment last week after missing significant time with a left oblique strain and delivering a 6.75 ERA, 3.8 BB/9 and 6.0 SO/9 through his first 12 innings of 2018.

Villalobos, meanwhile, will provide the Twins with some depth as he continues to work his way through the minor league system. The 21-year-old backstop recently completed a circuit with the Padres’ rookie-level affiliate in the Arizona League, slashing .275/.367/.388 with eight extra bases and a .755 OPS in 98 PA.

The real get for the Padres isn’t Hughes (even with much of his salary already accounted for), but the Competitive Balance B selection in next week’s amateur draft. As MLB.com’s AJ Cassavell points out, the club lost their second-round pick after inking Eric Hosmer to a massive eight-year, $144 million deal back in February.