King: Cano wants new contract

22 thoughts on “King: Cano wants new contract

  1. jay_robertson

    We sorta could see this coming, when he hired Scotty, eh? Does Boras think anyone would bite on the notion of him giving a better deal, a discount of sorts, if the options were dropped and a new contract signed tomorrow?

    No matter what ridiculous money Cano would want (and likely command) at the end of his current contract, Boras is going to ask for the same money right now, along with voiding his current relatively cheap option years.

    Unless there is an early signing discount, this is an easy decision to make. Put it off as long as possible – who knows, maybe Boras will have a breakdown just like Ari Goldman and Tom Cruise.

    • BrienJackson

      I think that's a misuse of the term "discount." Cliff Lee took a discount of sorts because he wanted to go to Philly. Trading some potential future earnings for an actual guarantee of more money than you have at the moment is, at most, buying security. Because until the signatures are on the paper, all of that money you supposedly left on the table is just hypothetical.

      But even then, if the Yankees could sign him to the exact same contract now, rather than two years from now, that would obviously be to their benefit as well.

      • rick.

        I still dont understand why people think Cliff Lee took a "discount", his contract is 120 million for 5 years, thats a higher annual salary than CC's. That's not even accounting for the vesting option for the 6th year worth 27.5 million.

        Yes the Yankees could have offered a higher annual salary or what not, but 24millions per year for years doesnt seem like a discount to me.

  2. Damian

    At this point, I would wonder how many years beyond 2013 the Yankees would be willing to commit to Cano. I think it would be a hard case to justify working out a deal that goes more than three years beyond that. But if they could do just that–go 3 years beyond 2013 at $20 million per year, while giving Cano a raise in 2012 and 2013, that could end up working out in the end. That deal would expire after 2016 season, at which time Cano would be 34 years old, his prime likely (noticeably) over. If the Yankees wait until free agency after 2013, when Cano will probably still be an elite player, a new contract would probably have to go until after 2015 or 2016. The last couple years of that deal could be ugly.

    So I think there's at least an argument that the Yankees should engage with Boras here, give Cano an immediate raise of a few million over the next couple years, and buy security thereafter without committing to Cano into his mid or late thirties.

    • Frank S.

      Damian, this makes a great deal of sense. He'd have the security of three extra years plus an additional $13 mil for 2012-13; the Yankees would have the security of knowing they won't have to give out yet another deal that will run well beyond the player's prime years.

      • Yes it makes sense and it would benefit both parties, but it's NOT going to happen. They tend to adhere to their policies very strictly. If they make him play out his contract AS IS, who knows what could happen. I'm not sure what kind of scenario would have to play out in the next 2 offseasons to have the front office even remotely consider declining the options and buying him out (perhaps something like GIambi's steroid fiasco and subsequent rapidly declining skills) but let's just say one of them happens and they just reworked his contract the offseason before, now they are stuck with him. I know that sounds far fetched I guess I am just trying to conjure up an additional point of view.

  3. not Montero's dad

    Signing Cano now is buying high. Let him play out his deal. Chase Utley–a superior player to Cano–began his decline at age 30. Granted, it was due to injuries (which of course can happen to Cano), but Utley is a caution tale.

    • BrienJackson

      If you're paying for expected future performance, there's no such thing as buying high or low. Especially when you're negotiating witha player under your control.

      • not Montero's dad

        I consider Posada's last contract to be buying high, after a 338/426/543 season. Same thing would've happened with Jeter if his deal was up after 2009. The most recent season affects what each side portrays as expected fututre performance, and if a player had a great season, that would be buying high, since it is unsustainable; if a player had a poor season, that would be more likely to depress projections, and therefore buy low.

        I'm not sugegsting that Cano will begin his slide at any time. But I also guard against the euphoria of recent performance, and Boras' desire to get a Tulo, Cargo, or Braun contract out of the Yanks.

  4. Matt

    Unless the Yankees sign a deal where they pay Cano exactly what they would pay him under the current contract over the next two years, this would be another example of the Yankees bidding against themselves. In two years, when Cano's contract is up, the Yankees can still outbid anybody for his services, if need be.

    • BrienJackson

      It would also represent a shift of some compensation from his post prime years to his prime.

      As a general rule, saying someone "bid against themselves" in anything but a literal auction typically doesn't say much.

    • matcohen

      Well yes – but why would you want to overpay in 2 years. Right now ONLY the Yankees can negotiate with Cano. Certainly you can see that you have more leverage now than if anyone can bid.

  5. jay_robertson

    I need to R E A D more slowly. For a bit, I thought you'd given Robby a new moniker, ala the dude from Seattle – "King Cano." ;)

  6. mikeNicoletti

    Wouldn't the commitment to a new 5 year deal now save some money AND lower some risk? paying for 5 years ages 29-33 for 90% market value beats paying 2 years now @ a lower rate and at least a 5 year deal for what would probably be more $/year from 31-35??

  7. chad

    as much as i love Cano, it seems to me that "taking advantage" of the team-friendly options the next 2 years is the definite way to go.

    barring a remarkable increase in production the next 2 seasons, i don't see the price tag for re-signing him changing by much. while having 2 more great years might make him more attractive, the fact that he'd be 2 years older would negate much of that.

    so say his next deal will be for 5 years/ $110 million. i agree that if you do the deal now, you'd have those 5 years bridge more of Cano's prime. however, you'd also be costing yourself an additional $15 million in salary for the 2012 & 2013 seasons.

    it makes sense to me to save that $15 million now. that way you insure yourself in case of injury/production drop over the next two seasons. even if you end up overpaying for his age 34-35 years, you've already saved yourself that $15 million as a cushion.

  8. OldYanksFan

    The thing that bothers me about Robbie is an OBP that is only 40 pts higher than his BA. That is a situation that doesn't age well, Swisher had an AAA BA this year and still led the Yanks in OBP.

    I agree that they should deal with his contract in 2 years and enjoy underpaying for until then, as with Boras his Robbie's agent, the Yanks won't save a dime by renegotiating now.

    Also, I think someone would have to well outbid the Yanks in 2014 in order to get Robbie to leave the Yankees. Stay put now, and we'll pay him in 2014 for what he's worth.

  9. The Yanks have a long-standing rule about not extending players who are currently under contract, witness Jeter, Mo, etc.

    CC could be considered an exception but really, he's got the opt-out, so that's a technicality. So no, I don't think there is any reason the Yanks don't let his contract play out to its conclusion and THEN see what the market holds for Cano. Maybe it costs them more in the long term (see Williams, Bernie) but that's their organizational policy.

  10. OldYanksFan

    Really…. I just don't see doing anything now…. ESPECIALLY with Boras in the fray. I'm sure the 'hometown discount' will start at 8/$160m. Aside from sentiment, what's the advantage of paying him more now?

    • BrienJackson

      Paying him less when he's 35-37.

      • jay_robertson

        There's a solution to that – let him enjoy all the extra money playing with KC; or the Nats; or maybe the Padres.

        Chances are, there will be someone better available by then.

        • A second baseman on the market in two years better than a still-in-his-prime Cano? I doubt it.

  11. Allen

    There is no doubt that Cashman hates Boras, after Boras opted out Arod without letting the Yanks negotiate a way for Texas to keep paying part of his salary, and then going over his head to get Soriano in pinstripes. Cashman will hold his feet to the fire whenever he can, which is why I think Cano made a mistake signing with him.

    I'd like them to negotiate now, but with a single one time offer of 5/100 with team options for a sixth and seventh year at the same salary. Think cano will turn down a guaranteed $100 million when he is 2 years away from free agency?

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