Lincecum’s 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.
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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.
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