Tim Lincecum Rejects San Francisco Giants' $100MM Offer

Take this with a grain of salt. After all, it’s coming from CBSSports.com, the site that reported Joe Paterno’s death...while he was still alive.

According to Jon Heyman, San Francisco Giants ace pitcher Tim Lincecum recently rejected a massive five-year, $100 million contract offer from the team:

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The Giants appear to be tens of millions apart on a long deal with Lincecum after he rebuffed their offer for five years and nine figures and he countered much higher than that. It is thought Lincecum seeks a deal for seven or eight years but would be content to do a one- or two-year contract if no megadeal can be accomplished now.

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Heyman went on to write:

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...Lincecum, who has so far gone year to year, seems more likely to wind up with a two-year deal now rather than sign a contract into his free-agent years.

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Timmy will be eligible for free agency in 2014.

When the two sides submitted their arbitration figures last week, Lincecum requested $21.5 million for 2012; the Giants countered with $17 million (the highest arbitration offer in history).

A five-year, $100 million deal would pay the two-time Cy Young award winner $20 million a year (on average), or $3 million a year more than the Giants’ offer last week, and only $1.5 million short of Lincecum’s request.

If the CBS Sports report is accurate, it would appear to me that the Freak is holding out for every last penny he can get.