Tim Lincecum agrees to 2-year deal

Updated: February 12, 2010, 4:05 PM ET
ESPN.com news services

SAN FRANCISCO -- Tim Lincecum and the San Francisco Giants reached agreement Friday on a $23 million, two-year contract ahead of the scheduled start of an arbitration hearing.

The two-time reigning NL Cy Young Award winner had been set to ask for an arbitration-record $13 million salary for 2010 during a hearing Friday in St. Petersburg, Fla.

Lincecum gets a $2 million signing bonus, $8 million this year, $13 million in 2011 and the chance to earn performance and award bonuses. ...

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