Lincecum Lands Pay Raise

The Giants have agreed with right-hander Tim Lincecum on a one-year, $650,000 contract, possibly marking the last time that they’ll be able to rein in his salary.

Lincecum probably will be eligible for salary arbitration after this season, a process which will virtually guarantee him astronomical raises — assuming he continues to perform at or near his Cy Young Award-winning level.

I didn’t realize you could still resign a Cy Young award winner for less than a million a season. They should have tried that tactic with Zito. The Giants must be saving the rest of their money for a contract offer to Manny Ramirez.