Thursday, January 24, 2008

Cano Close To $30M Contract

According to Ken Rosenthal, the Yankees are close to locking up Robinson Cano to a four year contract worth $30 million.
The Yankees, locking up one of their young stars, are on the verge of signing second baseman Robinson Cano to a four-year, $30 million contract, according to major-league sources.

The deal, which would take Cano through his arbitration years, also is expected to include club options that would enable the Yankees to buy out one or two years of free agency.

The contract would be contingent upon Cano passing a physical.

Cano, 25, was eligible for arbitration for the first time this off-season. He asked for $4.55 million and the Yankees offered $3.2 million.

A "super-two" player due to his service time, Cano was eligible for four years of arbitration rather than the customary three.

Cano appeared in 160 games for the Yankees last season, batting .306 and setting career-highs with 19 homers and 97 RBIs.

His career batting average in three major-league seasons is .314.

This is a change in thinking from the Yankees usual stance on young cost-controlled players. From Rotoworld:

Either Cano's agent was lying Tuesday when he said no discussions had taken place or this has come together as quickly as any deal in history. A four-year contract would take Cano right to free agency. He was a super-two player this year, so he was going to have four years of arbitration.

3 comments:

iYankees Blog said...

I just found your blog recently, and I must say, it's a great one.

Bronx Liaison said...

Thanks Chris. Same goes for your blog, and very nice post today at LoHud

Anonymous said...

LoHud reader here. Great news about Cano, love the kid and his quick bat. I'm really waiting for him to blossom out a bit more, I think he could truly open up his game in the next few seasons and make A-Rod work a bit harder for that next MVP.