Tim Lincecum agreed to a $650,000, one-year contract with the San Francisco Giants on Thursday.

The 24-year-old Lincecum won the National League Cy Young Award in 2008, going 18-5 with a 2.62 ERA while striking out a major league-leading 265 batters in 227 innings.

He ranked third in the major leagues in ERA and winning percentage, and was second in the NL in ERA and victories.

Lincecum, who made his major league debut on May 6, 2007, is likely to be eligible for salary arbitration after the 2009 season.
Giants have to lock this guy up before the end of the season. There was no rush to do it before this season but need to do it before it ends. Lincecum is something really special and the Giants may not see another pitcher like him in a long time. I know its been a very long time since we have seen a guy like him, maybe even as far back as Marichal. Lincecum will make $17.85 million less than Barry Zito this year.