Tim takes over from Barry Zito

Tim's signing a 2-year deal for just over $40 mil. This isn't a surprise at all. What it means is that Barry Zito no longer has the top salary on the Giants. Here's what the SF Chron's beat writer just tweeted --

hankschulman Henry Schulman

Things move fast. An being told Lincecum, Giants have reached verbal agreement.

UPDATE -- he now says it's a $500,000 bonus for this year at $18 mil and $22 mil for 2013.