Lincecum, Giants finalize deal

The Giants and star pitcher Tim Lincecum finalized a two-year, $23 million contract on Tuesday, completing a deal that was agreed upon last Friday prior to Lincecum’s arbitration hearing.

Lincecum will received a $2 million signing bonus, half due now, half due March of next year. So essentially, he’ll get $9 million in 2010 and $14 million in 2011.

The deal is good for both sides. It gives Lincecum some security, which is what you want in your first multi-million contract. It gives the Giants some time to access where they want to go in the future, some time to establish that Lincecum can be a durable performer.

Splash Hits expects that if Lincecum has another Cy Young-caliber season — whether he wins it or not — the Giants would be wise to lock up Lincecum through the rest of arbitration seasons and some of his free agency years.

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