Lincecum’s $40.5M, 2-year deal includes bonuses

SAN FRANCISCO (AP)—Giants ace Tim Lincecum’s new $40.5 million, two-year deal includes a series of bonuses for winning the Cy Young and other awards.

Lincecum and San Francisco reached verbal agreement on a new contract Tuesday pending a physical, which likely will happen early next week before a formal announcement is made by the club.
Lincecum, a two-time NL Cy Young Award winner, gets a $500,000 signing bonus and salaries of $18 million this year and $22 million in 2013.

He would earn an additional $500,000 for winning his third Cy Young, $250,000 for second place, $100,000 for third, $75,000 for fourth and $50,000 for fifth. If he wins the Cy Young in 2012, the bonus for winning again in 2013 would increase to $1 million.

Lincecum also would make $250,000 for being voted NL MVP, $150,000 for being the runner-up, $100,000 for third, $75,000 for fourth and $50,000 for fifth. He would receive a $100,000 bonus if picked to the All-Star game and $50,000 for a Gold Glove.

Lincecum had asked for a near-record $21.5 million in salary arbitration and had been offered $17 million by the Giants. He remains eligible for free agency following the 2013 season.

The 27-year-old right-hander, the winning pitcher in the Game 5 World Series clincher at Texas in 2010, earned $13.1 million last season when he finished a two-year deal worth $23.2 million.

When the sides exchanged numbers last Tuesday, Lincecum’s request neared the record amount sought in arbitration. Houston pitcher Roger Clemens asked for $22 million in 2005.-http://sports.yahoo.com/