Originally written on The Outside Corner  |  Last updated 11/18/14

Tim Lincecum isn't going anywhere. The San Francisco Giants and the two-time Cy Young winner have agreed to terms on a two-year deal, worth a reported $35 million. The contract also has a full no-trade clause. Lincecum had signed a two-year, $40.5 million contract with the Giants prior to the 2012 season. Despite his Cy Young Awards in 2008 and 2009, Lincecum has been on a downward trend. He'll turn 30 in June, and is coming off of back to back seasons where he threw fewer than 200 innings and posted ERAs over 4.00, the two worst marks in his career. Lincecum's velocity has also taken a step back over the last two seasons, and his 23% strikeout rate over the last two years is a far cry from the nearly 29% mark he posted during those Cy Young winning years. Brian Sabean is continuing is strategy from last winter on doubling down on his current talent. That strategy massively backfired in 2013 when the defending World Champions scuffled to a 76-86 record. San Francisco now has three of the five members of their rotation locked up through next season, with Lincecum joining Matt Cain and Madison Bumgarner in the Giants camp for the next two years. The club will likely be exercising their $7 million buyout on Barry Zito's contract for 2014, and it's still unsure as to whether or not the team will exercise their $6.5 million option on Ryan Vogelsong for 2014. $35 million over two years seems like a lot for Lincecum. He was worth 2.5 WAR according to Fangraphs over the last two seasons, which translates to the Giants paying roughly $16 million per win on his last two-year deal. If Lincecum performs similarly over the next two seasons, the Giants will be paying him $14 million per year - way more than the going rate of roughly $5-6 million per win. It seems like a pipe dream for San Francisco to hope Lincecum returns to his Cy Young form, and that the club is overpaying rather than risk Lincecum signing somewhere else and terrorizing them in the future. But why would the team pay him so far above market value when they could have just given him a $14 million qualifying offer to help gage his value? If Lincecum accepts, great! You have him for 2014 at less than what you're paying him now. If he declines, great! You're getting a draft pick and saving a ton of money. He's not the same pitcher he was even two seasons ago, and if he gets hurt or performs so poorly that he has to move to the bullpen, how are the Giants going to feel about paying an injured player or reliever $35 million over two years? It's just a questionable move all-around from the team, and a pretty good deal for Lincecum, who only takes a minor pay cut to remain with the only club he's known during his career. [follow]

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Wizards apologize for odd Black History Month tribute

Report: McCoy may want more money from Bills

Andre Johnson laughed upon hearing he wouldn't start

Brad Stevens: LeBron 'looks like the MVP to me'

Le'Veon Bell tees off on Mel Kiper Jr. over Twitter

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Eagles ship LeSean McCoy to Bills for Kiko Alonso

Murray would reportedly give Cowboys hometown discount

Report: Giants ‘considering a run’ at Ndamukong Suh

Darnell Dockett reportedly visiting 49ers on Tuesday

David West on Brian Shaw being fired: ‘That’s bulls–t'

Hamels trade talk motivating Red Sox pitching staff

Columbus Zoo names newborn penguin after Ezekiel Elliott

Matt Barnes blasts NBA over James Harden suspension

Joe Rogan: Ronda Rousey could beat half the men

Bills tell C.J. Spiller he won't be re-signed

Ohio State self-reported funny NCAA violation

Lupul, Phaneuf, Cuthbert threaten lawsuit against TSN

Report: Adrian Peterson has trade list of five preferred teams

Murphy disagrees with Billy Bean’s homosexual 'lifestyle'

Trent Cole has ‘no respect’ for Eagles after release from team

Ronda Rousey lands free ticket to Pacquiao-Mayweather bout

Report: Celtics to pursue Love, Monroe and Gasol this summer

Trying to solve the Alex Guerrero problem

MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Stevens: LeBron looks like the MVP

Spiller: EJ Manuel learned not to be 'buddy buddy' with everyone

Ten most underrated NFL free agents

Five potential landing spots for Andre Johnson

Texas-Baylor fight leads to 7 ejections

Mark Cuban will be Prez in 'Sharknado 3'

Report: Redskins interested in Suh

Report: Revis likely to hit free agency

Steve Spurrier joins Twitter

MJ makes Forbes billionaire list

Nick Young fires back at Robert Flores

Sad LeBron literally looks in mirror after loss to Rockets

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.