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Report: Lincecum plans to be free agent

The San Francisco Giants could not come to terms on a two-year contract with right-hander Tim Lincecum, so the two-time Cy Young Award winner plans to test the free agent market, according to CSN Bay Area.

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

The Giants' next step is to make Lincecum a qualifying offer, which is one year at roughly $14 million. That allows them to receive an extra draft pick as compensation if he signs with another team.

Lincecum may be interested in pitching for his hometown Seattle Mariners, who have a protected first-round draft pick. A Mariners scout reportedly followed Lincecum during the Giants' last homestand of the season.

The Giants focused on Lincecum after re-signing outfielder Hunter Pence to a five-year, $90 million extension to prevent him from free agency. They also want to re-sign left-handed reliever Javier Lopez. To free up money, they may decline right-hander Ryan Vogelsong's $6.5 million option or renegotiate a new contract with a lower guaranteed salary.