February 8, 2008 -- Robinson Cano
officially is a Yankee, as the team announced his new four-year contract yesterday.
Cano's deal, which has been reported previously, assures him of at
least $30 million over four years. He potentially can earn as much as
$57 million over six years, if the fifth- and sixth-year club options
are exercised.
The 25-year-old second baseman was first-time arbitration-eligible, so the Yankees
have bought out all three of his arbitration years and his first free
agency year, with the chance to keep him for two more free agency years
after that. Cano will get $3 million this year, followed by $6 million
in 2009, $9 million in 2010 and $10 million in 2011. He has a 2012 club
option for $14 million (with a $2 million buyout), and if that option
is picked up, he has a 2013 club option for $15 million with another $2
million buyout.
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