Fresh off the Hunter Pence deal, the Giants now look to retain Tim Lincecum

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The Giants made headlines earlier today when they signed outfielder Hunter Pence to a five-year, $90 million contract extension. With that hurdle cleared, the Giants are now focusing on keeping starter Tim Lincecum around, reports Hank Schulman.

Though Lincecum has had a tough couple of years, he has been the biggest reason for their recent success, taking home back-to-back NL Cy Young awards in 2008 and ’09, and contributing to their championships in 2010 and ’12. Since the start of the 2012 season, however, Lincecum has a 4.76 ERA over 65 starts. He has shown promise at times and has looked better lately, posting a 3.66 ERA in his last six starts to wrap up the season.

Lincecum earned $22 million this season, the last of a two-year, $40.5 million extension signed in January 2012. CSN Bay Area’s Andrew Baggarly suggests Lincecum could fetch $30 million over three years on the open market, so the Giants would need to present a competitive offer.

Yankees activate Giancarlo Stanton

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The New York Yankees have activated Giancarlo Stanton. He’ll be in the lineup in tonight’s game against the Rays.

Stanton has been on the injured list since April 1 due to a left biceps strain and a left shoulder strain sustained in what Aaron Boone called a “funky swing” at the time. He began a rehab assignment in late May, had it halted due to injury, and resumed it recently. He’s been swinging the bat well during his most recent stint, socking four homers in ten games.

That pop will be welcome. The Yankees have weathered Stanton’s injury — and injuries to Aaron Judge and scads of other players — but a team can’t defy gravity forever. At some point you need your established threats back. With Stanton coming back tonight, Judge coming back later this week and with the addition of Edwin Encarnación in that trade with Seattle, the Bombers should continue to hit bombs throughout the summer.