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.