7:24pm: MLB.com’s Chris Haft also spoke to Lincecum’s agent, Rick Thurman. Despite being at Giants’ camp Thurman has no immediate talks scheduled with the team. Thurman spoke about the possible length of a multiyear deal anyway:
Thurman explained that in Lincecum’s case, he and the Giants might negotiate by forecasting his performance and corresponding salary levels for the next five seasons, which would take him into his free-agency eligibility.
1:57pm: According to Andrew Baggarly of the San Jose Mercury News, Tim Lincecum’s agent is at the Giants’ camp and has already had preliminary discussions about a long-term deal for his client. Lincecum is likely to be a Super Two player, meaning he’ll be arbitration-eligible four times instead of the standard three. Cole Hamels’ deal could be a model, in my opinion.