The Yankees were unwilling to top the Mariners’ contract offer to Robinson Cano, but it had relatively little to do with the luxury tax and the $189 million payroll goal.
According to a source, the Yankees made it known that they were willing to give Cano seven years at $175 million, which would be an average annual value of $25 million, which is even more than the annual salary of Cano’s reported 10-year, $240-million agreement with the Mariners. Where the Yankees drew a line was in the number of years, not the amount of money.
Say this for the Yankees, they learned from their mistakes and were unwilling to repeat the Alex Rodriguez disaster.
The Yankees made a seven-year investment into Jacoby Ellsbury. At a little less than $22 million per year, Ellsbury will be under contract through his age-36 season. He won’t turn 37 until the final few weeks of the guaranteed portion of his new deal.
Cano has reportedly signed a 10-year deal with the Mariners. He’s a year older than Ellsbury. At $24 million per year, Cano will be signed through his age-40 season. If the Mariners are a playoff team at that point, Cano will turn 41 in the postseason of his final season under the new deal.
“Both are really bad in my opinion,” one rival executive said in an email. “But Cano is probably worse just because of the extra three years. I think you have to hope to get any kind of reasonable return after four (or) five years on either one.”
Associated Press photo