MLB Notes: Giants, Lincecum come to terms

Giants starter Tim Lincecum pitches against the Rangers at Rangers Ballpark in Arlington, Tex.,...

Giants starter Tim Lincecum pitches against the Rangers at Rangers Ballpark in Arlington, Tex., Nov. 1, 2010. (DOUG PENSINGER/Getty Images/AFP)

QMI Agency

, Last Updated: 6:58 PM ET

The San Francisco Giants and two-time Cy Young Award winner Tim Lincecum agreed Tuesday to a two-year, $40.5-million contract extension.

The agreement allows the sides to avoid arbitration. Lincecum, 27, had filed for a one-year, $21.5-million deal, while the Giants offered $17.5 million for one year.

Lincecum went 13-14 in 33 starts in 2011 with a 2.74 earned-run average.

He has spent five seasons with the Giants, winning the National League Cy Young in 2008 and 2009.

Lincecum is nicknamed The Freak because of his ability to throw a 95 m.p.h. fastball despite his slight, 165-pound frame.

"CARMONA" TO MISS SPRING TRAINING

Cleveland Indians pitcher Roberto Hernandez Heredia, previously known as Fausto Carmona, will miss spring training, according to manager Manny Acta.

Carmona is facing charges that he used a fake identity to play baseball in the U.S. and must go through the judicial process in the Dominican Republic.

Heredia is 31, three years older than he had claimed. The right-hander went 7-15 with a 5.25 earned-run average in 2011 and has been inconsistent during his six seasons with Cleveland, but Acta said he remains an important part of the starting rotation.

Heredia allegedly paid off the family of the real Fausto Carmona over the years, a Dominican radio station reported.

POSADA GOES OUT A YANKEE

Jorge Posada officially retired from baseball Tuesday, and called his experiences with the New York Yankees "priceless."

Posada, 40, thanked many who have been associated with the Yankees organization, including his wife, Laura, and cried briefly in speaking about Derek Jeter, his best friend.

"I knew in my heart and I knew in my head I didn't want to play anymore," Posada said.

"I was able to live my dream to play baseball for the best sports franchise ... the New York Yankees. I could never play for another team.

"Every time I stepped through the Yankees Stadium doors I quoted Joe DiMaggio, 'I want to thank the good Lord for making me a Yankee.' "

Posada played on five World Series champions, 1996-99 and 2009.

The switch-hitter played 17 seasons, all with the Yankees, and finished with a .273 average, 275 home runs and 1,065 RBI in 1,829 games.

BE THE BEST? YU BETCHA

New Texas Rangers pitcher Yu Darvish explained at a press conference Tuesday in Tokyo why he is making the move to the United States.

"I want to become the kind of pitcher that will make people say 'Darvish is the No. 1 pitcher in the world,' Darvish said.

"I want to feel the thrill of pitching against the world's best hitters. It was becoming harder to stay motivated in Japan."

The 25-year-old right-hander has signed a six-year, $56-million contract with the Rangers. He has a 93-38 record with a 1.99 ERA pitching in Japan the past seven seasons.

PENA A RAY AGAIN

The Tampa Bay Rays officially signed first baseman Carlos Pena to a one-year, $7.25-million contract on Tuesday.

Pena, 33, played for the Rays from 2007 to 2010 before joining the Chicago Cubs last season. He batted .225 with a team-leading 28 home runs and 80 RBI.

"Carlos is one of the most accomplished players in team history and he is a great fit for our club in 2012 both on and off the field," Rays executive Andrew Friedman said. "He adds to our offence with his power while maintaining the high defensive standard we seek."

BRIEFLY

The Baltimore Orioles have signed Wilson Betemit to a two-year contract with an option for 2014. Betemit, 30, will serve as Baltimore's primary designated hitter. He hit .285 for the Kansas City Royals and Detroit Tigers last season, playing mainly third base ... The Seattle Mariners have signed pitcher Kevin Millwood, 37, to a minor-league contract with an invitation to spring training. Millwood was 4-3 with a 3.98 ERA for Colorado after joining the Rockies last August. The right-hander has a 163-140 career record with a 4.10 ERA in 423 games ... The retired Tony La Russa will manage the NL all-star team at Kauffman Stadium in Kansas City on July 10. La Russa retired after his St. Louis Cardinals won the World Series last year ... The Oakland Athletics finalized a one-year contract with pitcher Bartolo Colon ... MLB suspended free-agent minor-league pitchers Michael Hart and Steven Schell 50 games for violating the drug prevention and treatment program.


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