SF Re-signs Lincecum to Two-Year, $35M Contract

San Francisco Giants pitcher Tim Lincecum passed his physical and finalized his new two-year, $35 million deal with the team.

“It gives you that freedom that I’ve done it with this group before. I feel like we can do it again, and personally I feel like I can succeed there again,” Lincecum said. “As a group, I feel like we have the right tools to make another push. Those are the kind of things you look for when going after an organization. When I’m already plugged into one, I don’t have to look too far to see what they’ve done and what I’ve been able to do with them.”

The contract includes a no-trade clause and other incentives for Lincecum.

In addition, he can earn an additional $250,000 each for 210 innings pitched and 220 innings.

He would earn $500,000 for another Cy Young, $250,000 for second place, $100,000 (third), $75,000 (fourth) and $50,000 (fifth).

If he wins the 2014 Cy Young award, the first-place bonus would increase to $1 million for the following year.

In addition, Lincecum would earn $250,000 for NL MVP with additional bonuses for second through fifth place. He would receive $100,000 for an All-Star selection and $50,000 for a Gold Glove.

Lincecum will get a hotel suite on the road. The contract also calls for him to purchase 25 tickets to each home game for underprivileged children in the Bay Area.

The deal stopped the 2008 and 2009 Cy Young Winner from experiencing free agency for the first time. It was a dire need for the Giants who now only need to add two starters instead of three. Barry Zito is not returning and the team is unsure of Ryan Vogelsang’s option. Their minor league options are not very good. General Manager Brian Sabean said signing Lincecum would be their biggest priority.

“Brian said up front it was a priority to solidify our starting pitching, and Tim is a big part of that,” assistant general manager Bobby Evans said after completing terms of the deal Tuesday with Lincecum and his agency, the Beverly Hills Sports Council.

“We see the difference that your starting pitching can make in a make-or-break September or postseason,” Evans said. “The reality is that Tim is a big part of that.”

Catcher Buster Posey texted The San Francisco Chronicle and said he was excited Lincecum is coming back. Outfielder Hunter Pence, another priority for Sabean, told the paper Lincecum is a pivotal member of the team.