A Major League source told the paper that the Giants offered the back-to-back National League Cy Young Award winner a three-year contract worth $37 million with annual escalating salaries of $9.5 million for 2010, $12.5 million for 2011 and $15 million for 2012.
The source added that Lincecum's camp countered with a proposal of more than $40 million.

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