• The Terms Of Cano’s New Deal

    Posted by on January 28th, 2008 · Comments (2)

    From Joel Sherman -

    Cano is due to make $3 million in 2008, $6 million in 2009, $9 million in 2010 and $10 million in 2011. In 2012, Cano has an option for $14 million with a $2 million buyout. If that option is picked up, Cano will have another option in 2013 for $15 million with a $2 million buyout.

    Interesting. $28 million for four years – with a buyout of $2 million after that. Or, $42 million for five years – with a buyout of $2 million after that. Or, $57 million for six years.

    So, it’s $30 mill for four, $44 mill for five, or $57 mill for six. On average, it’s $7.5 million a year for four, $8.8 million for five, or $9.5 million a year for six.

    If Cano tanks in the next couple of years, you can eat him for $30 million. That’s less than dining on the Carl Pavano special.

    When you figure that it cost the Yankees $26 million just to talk contract with Kei Igawa, this deal is a steal.

    Comments on The Terms Of Cano’s New Deal

    1. JeremyM
      January 29th, 2008 | 1:22 pm

      Steve, I agree that it’s a good deal, but using the Igawa scale, signing me for a million dollars when I have little baseball ability would be a steal….

    2. Don
      January 29th, 2008 | 1:55 pm

      This is smart, and what I have been hoping the Yankees would do. Now to do the same with innings-eater Wang.

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