SAN FRANCISCO — Tim Lincecum and the San Francisco Giants have finalized their $23 million, two-year contract that avoided salary arbitration.

The two-time NL Cy Young Award winner reached a preliminary agreement last Friday, and the sides have completed the deal, team spokesman Jim Moorhead said Wednesday.
Lincecum gets a $2 million signing bonus, $8 million this year, $13 million in 2011 and the chance to earn performance and award bonuses. He made $650,000 last year.