The San Francisco Giants and Tim Lincecum agreed to a deal worth 40.5 million dollars over two years today. The deal breaks down for 18 million in 2012 and 22 million in 2013. The new deal comes on the heels of Lincecum's record breaking arbitration number of 21.5 million.
The mega signing also sets the stage for an even bigger event. A long term deal for Lincecum. The future deal is likely to top that of the CC Sabathia and Cliff Lee deals, eventually making Lincecum one of the highest paid pitchers in baseball.
But what does this mean long term for the Giants?
The Giants history of long term pitching deals is murky at best. The specter of Barry Zito will long linger at AT&T park. While Lincecum is certainly worthy of ace starter money, the pressure to live up to that money is always intense. Ultimately, that pressure is what did in Barry Zito. Will Lincecum's fate be the same? Doubtful.
The Giants are now hitched to the big ticket pitching horse for 40.5 million over two years. The teams success going forward will be directly tied to Lincecum's continued dominance.
You can also expect an continued emphasis in the farm system on developing hitters. As the money for any such free agent bats has now been spoken for.
In summation, Lincecum's deal is great for the "Franchise" and the franchise.