Tim Lincecum is once again skipping the arbitration process as he has verbally agreed to a two-year, $40.5 million contract with the San Francisco Giants.

The average annual salary is the most ever for a Giants player, topping the $18 million a year contracts for Barry Bonds and Barry Zito. It also buys out the final two years of his arbitration years meaning the next time the two sides will likely get together to discuss a long-term deal is following the 2013 season, when he will be eligible for free agency.

The next move for the Giants: trying to work out a long-term contract with pitcher Matt Cain, who is set for free agency following the 2012 season. Some Giants fans have been wondering why the team has been fairly quiet this offseason but the main reason is because they are trying to lock-up their two staff aces to reasonable, long-term deals.

By the way, tickets for the Giants Spring Training home games are now on sale, as pitchers and catchers are set to report in less than a month (February 18). And the San Francisco Giants annual FanFest is set for Saturday, February 4 at AT&T Park from 10:00-3:00.



Photo Credit: Acordova, via Wikimedia Commons