Tim Lincecum isn’t signing with Giants before free agency

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Last month, after locking up Hunter Pence to a long-term deal before he hit the open market, Giants general manager Brian Sabean indicated that he hoped to do the same with impending free agent Tim Lincecum.

However, according to Andrew Baggarly of CSNBayArea.com the two sides haven’t been able to come to an agreement and Lincecum expects to become a free agent.

Baggarly reports that the Giants offered him a two-year deal and plan to make a qualifying offer to Lincecum, which means they’ll receive draft pick compensation if/when he signs elsewhere. He’d also have the option of simply accepting the qualifying offer, which would be a one-year deal for around $14 million, but presumably Lincecum feels he can do better.

He’ll be one of the more interesting free agents to track, because Lincecum is still just 29 years old and his track record includes two Cy Young awards, but since the beginning of 2012 he has a 20-29 record and 4.76 ERA in 65 starts.