"The Giants are talking to franchise pitchers Tim Lincecum and Matt Cain about multiyear deals, but while there are early indications they'll have a decent or better chance to lock up Cain into his free-agent years, the team seems to be focusing on deals of two years or one with Lincecum after he rebuffed an offer of at least $100 million for five years.
Giants people are saying only that talks are "ongoing'' with Cain, but there is said to be a fair amount of optimism they can keep Cain on a longterm deal for under $20 million a year. Cain already took one long team-friendly deal, but Lincecum, who has so far gone year to year, seems more likely to wind up with a two-year deal now rather than sign a contract into his free-agent years."