In the arbitration system, both sides seek to compare the player to what it thinks are comparable players. With Lincecum, who is his modern day contemporary? There is no one as good and as young as he is. For that reason, I expect Lincecum's side to ask for a ridiculous amount of money. It's hard to argue that he doesn't deserve it. In his career, he's 40-17 with an ERA under 3.00 and 676 strikeouts in 598.2 innings. That's a 25 year old. Since Felix Hernandez just signed a new contract, there's a good chance that comes into play when arguing over Lincecum's next deal. Hernandez, however, doesn't have any Cy Youngs.
When Clemens was 25, he made $1.35 million. I fully expect Lincecum to make around $10 million, but I also think the case won't reach arbitration and it will be settled before numbers are exchanged.