Cole Hamels signed a new contract Tuesday. Tim Lincecum didn't.
Hamels will get $15 million plus performance bonuses from the Phillies. Lincecum will exchange arbitration numbers with the Giants.
And none of that changes the big picture, because neither Hamels nor Lincecum has a new long-term contract yet.
As of now, Hamels is still eligible for free agency after the 2012 season. Lincecum is eligible after 2013.
And both can (and certainly will) continue to discuss long-term deals that will keep them off the market.
Hamels, who made $9.5 million in 2011, agreed to 2012 contract just before the deadline for arbitration-eligible players to exchange contract figures with their teams. Lincecum will go through the arbitration process, although he and the Giants can continue to work on a deal while awaiting a hearing.
According to CBSSports.com's Jon Heyman, Hamels' new deal also would pay him $100,000 if he's named the Most Valuable Player, $250,000 if he wins the Cy Young Award, $100,000 for World Series MVP and $50,000 each for LCS MVP, Gold Glove, Silver Slugger or an All-Star appearance.
Tuesday was a deadline day for some teams that have a policy of not continuing negotiations after arbitration numbers are exchanged.