To avoid arbitration
Right-hander Tim Lincecum and the San Francisco Giants have settled their arbitration case, with the two-time NL Cy Young winner signing a multiyear contract ahead of Friday's scheduled hearing, sources tell ESPN The Magazine's Buster Olney.
Terms of the deal were not immediately available.
The San Francisco Chronicle reported Thursday that the Giants had made an initial three-year, $37 million offer to Lincecum.
For arbitration, the Giants filed for $8 million while Lincecum countered with $13 million. He earned $650,000 last season.