Friday, January 25, 2008
NY Post: CANO CASHING IN
It’s pay now or later for Robinson Cano Robinson Cano . The Yankees New York Yankees evidently have no problem with the first option, as they reached agreement yesterday on a four-year, $30 million contract with Cano, according to a source.
The Yankees, who will announce the deal after Cano passes a physical, have traditionally avoided giving long term contracts to their young players, but Cano’s signing perhaps signals a change in philosophy under the new leadership of Hank and Hal Steinbrenner. The deal includes two option years, potentially keeping the 25-year-old Cano under contract with the Yankees through the first two years he would be eligible for free agency.
The two option years make this a smart deal i think. The Yankees don’t save a whole lot(if anything) over the arbitration years, but they now have Cano potentially signed through age 31 and his likely prime. I think $7 million a year is the going rate for .280/.320/.400 hitters with horrific defense. Thumbs up from me.
Thanks to Mike K. for the link.
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