The Giants have made overtures to right-hander Tim Lincecum about a new contract but sources indicate that the two-time Cy Young Award winner expects to solicit offers on the open market.

Lincecum can become a free agent five days after the conclusion of the World Series.

The Giants have presented a two-year structure to Lincecum but talks haven’t progressed; assuming nothing gets done before the end of the World Series the Giants plans to make him a qualifying offer (one year almost $14 million) that would set them up to receive draft-pick compensation if he signs elsewhere.

But the Seattle native might be curious to see what level of interest his hometown Mariners will have in him – especially since they own a protected first-round draft pick and wouldn’t lose it. The Mariners had a scout following Lincecum and the Giants over the club’s last homestand.