The Yankees have completed their negotiations with Robinson Cano on a four-year contract. Here is how it will break down:
2008: $3 million
2009: $6 million
2010: $9 million
2011: $10 million
2012: $14 million team option or a $2 million buyout
2013: $15 million team option or a $2 million buyout
So at worst Cano will make $30 million over four years but could make $57 over six. He will be in Manhattan sometime in the next two days for a physical that will complete the deal. Cano is in Dominican Republic at the moment.
Analysis: This seems to be a deal that makes sense for both sides. The Yankees get Cano for an average of $4.5 million over the next two seasons, probably a slight savings over what he could get via arbitration. They will have greater payroll flexibility by 2010, when Cano will hit $10 million.
If he performs well, his option years could prove to be a bargain. If he does not, the Yankees can cut him loose for $2 million.