The Giants and Tim Lincecum have reached agreement on a one-year, $650,000 contract, a source told The Chronicle. Lincecum then confirmed the figure. That constitutes a 62 percent raise over the $405,000 he earned last year. There is actually a split component to the deal. If Lincecum somehow wound up in the minors, he’d be paid at an annual rate of $243,000.
In baseball terms, this is a heck of a bargain for someone a pitcher who went 18-5 with a 2.62 ERA and 265 strikeouts while winning the Cy Young Award. But remember, this is just the way the baseball salary system works.
Indeed. Most of the folks who complain about baseball players being overpaid in free agency seldom mention how most are underpaid while they’re still obligated to the team which drafted them.