According to the Giants, starting pitcher Tim Lincecum has signed a two year extension with the club. The deal is pending a physical.
It was reported a few days ago that Lincecum planned to hit the open market, so today’s announcement caught many by surprise.
The terms of the deal, which haven’t been confirmed by the Giants, are said to be $35 million over two years (Jon Heyman of CBS Sports was the first to report the figures). The deal also reportedly includes a full no-trade clause.
Lincecum, 29, is a two time Cy Young Award winner, but has seen both his results and velocity dip over the last two seasons.
Lincecum could’ve been a fit with the Mets, but the Mets never had the chance to feel Lincecum out.
Frankly, the average annual value of Lincecum’s new deal – $17.5 million – is absurd. He had a 5.18 ERA and 1.46 WHIP in 2012, and had an ERA of 4.37 and a 1.31 WHIP during the 2013 campaign.
Giving Lincecum a deal worth over $17 million per year made sense a few years ago, but makes little to no sense at the present time. Deals worth that much are for elite pitchers, not pitchers who have once been elite.