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Giants sign Tim Lincecum to two-year, $35 million deal

The Giants' former ace has re-upped with his club for two years.

Brad Penner-USA TODAY Sports

The San Francisco Giants and Tim Lincecum have agreed to a two-year, $35 million contract. It was rumored just four days ago that Lincecum was likely to test the market this winter in free agency.

The two-time Cy Young Award winner was one of the best pitchers in baseball between 2008 and 2011, but he's fallen off significantly over the last couple of years. In 65 starts, Lincecum posted a 4.76 ERA, the second-worst mark among 74 qualified pitchers in all of baseball. Fangraphs had him at 2.5 WAR over that time, but Baseball Reference was far less forgiving, pegging him at -2.3 WAR.

Given the Mets' lack of major payroll commitments heading into 2014, Lincecum's name seemed to make some sense as a potential target for the team, especially given Matt Harvey's absence because of Tommy John surgery.

But with the unlikelihood that he'll return to his previous dominant ways, an average annual salary of $17.5 million would have been far too high for the Mets, and it's even hard to believe he garnered such a commitment from the Giants. Here's some of what the great Grant Brisbee had to say over at McCovey Chronicles:

"Faced with the prospect of finding 60 percent of the rotation on the open market or bringing back a familiar fan-favorite at what certainly seems like a premium, the Giants chose the safe route. Which happens to be extremely risky."