Report: Tim Lincecum, Texas Rangers nearing deal

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UPDATE: Jeff Passan of Yahoo reports that Lincecum “is deep into talks with the Texas Rangers” on a one-year major league deal, and the expectation is it gets done soon. Passan says that it’d likely be for a job in the bullpen, and that Lincecum could challenge for the Rangers’ open closer role.

12:52 PM: Jon Heyman reports that Tim Lincecum is deciding between two or three teams and is expected to sign in the next day or two. Heyman names two of the finalists: the Rangers and Lincecum’s longtime rivals, the Los Angeles Dodgers. Heyman says Lincecum is preparing to fly to Arizona, so his decision appears imminent.

It would be weird to see Lincecum in a Dodgers jersey after seeing him for so long with the Giants, but a job’s a job. At this point, of course, the free agent Lincecum is looking to get back to the big leagues any way he can.

Lincecum has not pitched at all since 2016, and hasn’t pitched well for many, many years. He attracted a lot of attention earlier this month during a showcase in which he reportedly threw in the 90-93 mph range, however, and has since drawn considerable interest, with Heyman reporting that at least two clubs have offered him guaranteed major league deals.

Gallegos agrees to $11M, 2-year contract with Cardinals

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ST. LOUIS – Reliever Giovanny Gallegos and the St. Louis Cardinals agreed Monday to an $11 million, two-year contract, a deal that includes a club option for 2025 and escalators that could make it worth $20.5 million over three seasons.

The 31-year-old right-hander is 3-5 with a 2.91 ERA and 14 saves in 20 chances this season. He has 72 strikeouts and 15 walks in 58 2/3 innings.

“I feel so happy,” Gallegos said Monday before the Cardinals played the Pirates in Pittsburgh. “I don’t have the word for exactly how I’m feeling.”

He was obtained from the Yankees in July 2018 along with left-hander Chasen Shreve in the trade that sent first baseman Luke Voit to New York. Gallegos is 14-15 with a 3.02 ERA and 34 saves in six major league seasons.

Gallegos gets a $500,000 signing bonus and salaries of $4.5 million next year and $5.5 million in 2024. St. Louis has a $6.5 million team option for 2025 with a $500,000 buyout.

His 2025 option price can increase by up to $3.5 million for games finished in 2024: $500,000 each for 20-25 and 26-30 and 31-35, and $1 million apiece for 36-40 and 41 or more.

He would get $250,000 for winning the Rivera/Hoffman reliever of the year award, $50,000 for All-Star selection and World Series MVP and $25,000 for League Championship Series MVP.

Gallegos has a $2.41 million salary this year.

He was eligible for salary arbitration and is potentially eligible for free agency after the 2024 season.