Tim Lincecum and the San Francisco Giants have now exchanged arbitration figures. According to Jon Heyman, Lincecum filed for $21.5M, while the Giants filed for $17M. Giants VP of Baseball Operations has said that he's optimistic that the two will reach an agreement without going through a hearing.

As expected, the figures exceed the numbers filed by Derek Jeter and the Yankees in 2001, setting new records. Lincecum, 27, has a 2.98 ERA and over 1100 strikeouts through his first five seasons. He also has four all-star nods and two Cy Young awards to his name. In 2011, Lincecum posted a 130 ERA+ in 217 innings (33 starts), and despite a career-low in strikeout rate, he maintained a K/9 above 9. As of now, he's set to hit the free agent market in 2014.

• Twitter / @JonHeymanCBS: Tim files at $21.5M, giant ...
  "Tim files at $21.5M, giants at $17M"

• Twitter / @hankschulman: Gs Bobby Evans re Lincecum ...
  "'Gs Bobby Evans re Lincecum: 'I'm overall optimistic that well find common ground without a hearing room.'"