Originally posted on 22gigantes  |  Last updated 1/17/12

The Giants’ list of arbitration-eligible players is now down to three.

San Francisco avoided arbitration with right fielder Nate Schierholtz today as the two sides agreed on a one-year, $1.3 million dollar contract that includes a $150,000 performance-incentive bonus, per Andrew Baggarly of the San Jose Mercury News.

Schierholtz, who turns 28 on Feb. 15, batted .278/.326/.430 (0.756 OPS) with 9 HR and 41 RBI in 362 plate appearances last season for the G-men. He earned $433,000 in 2011.

Tim Lincecum, Pablo Sandoval and Sergio Romo still remain eligible for arbitration after all players and teams submitted their figures today.

According to Jon Heyman at CBS Sports, Lincecum submitted a record arbitration figure of $21.5 million dollars (besting Derek Jeter‘s 2001 bid of $18.5 million dollars) and the Giants submitted a $17 million dollar contract offer. That makes the midway point $19.25 million, which is where the two sides will start to negotiate.

If an agreement can’t be reached, the case will go to arbitration. Hearings are set to begin Feb. 1st in St. Petersburg, Fla.

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