Showing posts with label Robinson Cano. Show all posts
Showing posts with label Robinson Cano. Show all posts

Friday, January 25, 2008

Yankees Finalize Cano Deal

The terms are four-years, $28 million, but what really makes it a good deal for the Yankees are the options. There is a $13 million option for 2012 and a $15 million option for 2013. If both options are picked up, the Yankees buy out all of Cano's remaining arbitration years plus three years of free agency.

Thursday, January 24, 2008

Three Bits of News

I don't have a lot of time, so I'll mention these briefly:

I'll try to get a longer post in later if I have the time.

Wednesday, January 23, 2008

The Case For a Cano Extension


We are at the point in the offseason where teams are coming to terms with arbitration-eligible players on new contracts, some of which are multi-year deals. Troy Tulowitzki and James Shields have been mentioned already on this site. I have stated that I think this is a good idea, and I believe the Yankees should give Robinson Cano a similar deal, but I have never explained why. Here's why:
First will start with the pros and cons of an extension (for any player, not just Robbie). Players with three, four or five years of service time are eligible for arbitration (so are super two's but I'm keeping this simple; a decent explanation for arbitration rules can be found here). The process begins with the team and player submitting their contract proposal. If they cannot come to an agreement, it goes to arbitration, where an arbiter chooses the offer he sees most fair. Robbie and his agent submitted an offer of $4.55 million, and the Yankees submitted a $3.2 million offer. Cano made $490,800 last year. (Source)
The positives of signing Cano to an extension are: 1. We buy out his remaining arbitration years, and maybe some free agency years (depending on the length of the deal) 2. In a few years, if an extension were not signed, Cano most likely will be making more than he would be under the extension 3. I know, this is similar to number one, but arbitration is a very unpleasant process, so avoiding it is good.
Some negatives: 1. If Cano doesn't pan out as planned, the contract becomes a burden 2. A bigger contract makes him harder to trade (not sure if that's bad) 3. Although saving money in the long term, the Yankees spend more than necessary in the short term.
So this is a risk-reward situation. The question is: Do we have reason to believe Robinson Cano will be an above average second basemen for years to come? If the answer is yes, an extension make sense.
The answer: In my opinion, it's obviously yes.
Similar Batters:
1. Joe Mauer
2. Hanley Ramirez
Similar Batters Through Age 24:
1. Joe Mauer
2. Tony Lazerri
5. Yogi Berra
6. Bill Dickey
8. Nomar
9.Rod Carew
10. Mickey Cochrane
Most Similar by Age:
22.Joe Mauer
23.Joe Mauer
24.Joe Mauer
Pretty impressive comp's. Not sure why there are so many catchers. Anyway, it looks like a safe bet that Cano continues to improve. He was worth 9.2 wins above replacement level last year, according to BP's WARP1. (That's good.)
So what would be a good offer for Cano? Chase Utley recently signed an extension in a similar situation for 7 years and $85 million. Cano's numbers are worse than Utley's so an ideal contract for Cano would be something like 6yrs/60 mil or 7/70.

Cano Interested In Long Term Deal

From Newsday's Kat O'Brien:

Robinson Cano would be open to the idea of signing a long-term contract with the Yankees, his agent, Bobby Barad, said yesterday.

Barad made clear that the Yankees have not broached that topic with him and Cano, and that he has not brought up the possibility. However, should the Yankees seek to lock up their All-Star second baseman well before free agency - as the Mets did with third baseman David Wright and shortstop Jose Reyes - Cano could have interest.

"He wouldn't be adverse to that in theory," Barad said.

Could it get done? That's more complicated. Said Barad: "It depends on, there's so many factors that would determine that." Several of the game's best young players have inked multiyear deals with their clubs early in their careers, including the Indians' Grady Sizemore (six years, $23.45 million) and the Phillies' Chase Utley (seven years, $85 million).

Monday, January 21, 2008

Breaking News: Yankees to Score Runs in 2008

I know, it surprised me too. David Pinto of Baseball Musings has projected the Yankees to have the best lineup in baseball in 2008. Makes sense. They really didn't lose anyone from last year, so the lineup should stay the same. It will be hard for A-Rod and Jorge to duplicate last year's seasons, but at the same time, Melky and Cano will likely improve, and Johnny Damon will be healthy. Also, There's always a chance that Jason Giambi will remember how to hit.

Sunday, January 20, 2008

Rockies Lock Up Tulo

The Colorado Rockies are approaching a record-breaking contract with their shortstop, Troy Tulowitzki. The deal is for six years and $30 million, which would take Tulo through 2013, with an option for 2014. This is a great move for the Rockies, and the Yankees should take note. Assuming they pick up the option, have bought out three of Tulo's arbitration years and three of his free agency years. This is something the Yankees should be doing with their young players. They should seriously consider locking up Robinson Cano long-term, and should also give some thought about extending CMW, and in a few years Joba and Phil Hughes.

Friday, January 18, 2008

Yankees Arbitration Numbers

Pete Abe has the figures:

Brian Bruney submitted $845,000, the Yankees submittted $640,000.

Robinson Cano submitted $4.55 million, the Yankees submitted $3.2 million.

Chien-Ming Wang submitted $4.6 million, the Yankees submitted $4 million.

The Yankees' offer to Cano seems a little a low, but that's the only one that seems like it could go to a hearing, which I guess is a good thing. The fact that Wang and Cano will make less than $5 million next year is amazing to me. If they were free agents, they would both get over $10 mil easily. Hopefully Hank the Tank realizes that and realizes the advantages of young players.

Betemit Signs One Year Deal

UPDATE: Betemit received $1.165 million, a nice raise from the $405,000 he made last season.

Heres the story from Pete Abe

The Yankees sign Wilson Betemit today avoiding his arbitration. That leaves Brian Bruney, Robinson Cano and Chien-Ming Wang. Today is the day the teams and agents exchange salary numbers. Hearings starts on Feb. 1. The Yankees will likely have everybody signed by then.