On a day for big contracts, Tim Lincecum signs a two-year, $40.5 million deal with the Giants:

The right-hander, a four-time All-Star who helped lead San Francisco to the 2010 World Series title, had asked for a one-year contract worth $21.5 million, a record for a player with fewer than six years of major league experience.

The Giants had countered with $17 million, the highest offer ever made by a club in the arbitration process.

This buys out his last two years of arbitration, but he will still become a free agent after the 2013 season. At this rate, Tim might crack $30 million a year on the open market. The new contract means Tim will be bringing more than rolling paper when he goes to a party. Freak out!