Tim Lincecum agreed to a $650,000, one-year contract with the San Francisco Giants on Thursday.
Lincecum, 24, won the National League Cy Young Award in 2008, going 18-5 with a 2.62 ERA while striking out a major league-leading 265 batters in 227 innings.
He ranked third in the major leagues in ERA and winning percentage, and was second in the National League in ERA and victories.
Lincecum, who made his major league debut on May 6, 2007, is expected to be eligible for salary arbitration after the 2009 season.
Copyright AP - Associated Press