Originally posted on The Outside Corner  |  Last updated 10/22/13

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]

Ios_download En_app_rgb_wo_45

Patriots owner defends officials: ‘They’re not robots’

Joseph Randle arrested for allegedly assaulting officer

Schefter denies saying Kelly’s days in Philly are numbered

Rodgers looking forward to seeing Brett Favre, Bart Starr

Kobe has worst game of his career against Warriors

Rams WR Stedman Bailey in hospital after being shot in head


Furious Brad Stevens blasts Celtics after lackluster game

Did Bryce Harper deserve the MVP?

Duke 5-star commit posts moving message after successful surgery

Ex-LSU commit still supports Les Miles

Report: Ray Lewis gave Bills pregame pep talk

Report: Marshawn Lynch out a few weeks to recover

Nick Young rocks Gilbert Arenas’ gold shoes

Michael Malone has heated exchanges with Mudiay, Griffin

WWE Raw viewership dips below 3M for first time since '97

The B1G uglies – which division leader might stumble?

Six MLB teams that will be most active at Winter Meetings

Breaking down the NFL playoff picture heading into Week 12

Nick Young seems to take shot at Kobe Bryant

WATCH: College basketball player makes 3-pointer while wobbly from concussion

The five most overrated teams in the Week 13 coaches' poll

Clemson WR calls South Carolina fans 'rude'

Jonathan Lucroy trade market bolstered by weak catching market

Michigan State lists two starting QBs on depth chart

10 storylines for Week 13 of the college football season

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.
Get it now!
Ios_download En_app_rgb_wo_45

The five most overrated teams in the Week 13 coaches' poll

10 storylines for Week 13 of the college football season

Ranking the 10 best games of 2015 college football rivalry week

Examining the Mavericks' hot start

Johnny Bench(ed): Manziel demoted to third string

Mike Trout, four years in

Tom Brady on ‘Rex Ryan!’ line call: It’s ‘in the playbook’

Five NFL teams trending downward

Not so fast, USC: Eagles Chip Kelly buys Philly-area home

The five best hockey fights from Week 7

Today's Best Stuff
For Publishers
Company Info
Follow Yardbarker