This morning Robinson Cano signed a reported 10/$240mil contract with the Seattle Mariners. With all the speculation in the past day I can’t say this is a surprise but I did not think he would sign with Seattle so fast- but I also didn’t think they would go to 10/$240mil so fast.
A month or so ago I wrote about what a potential Robinson Cano contract would look like. In it I surmised that a contract could be worth up to $198mil over ten years but also could be worth up to $240mil depending on the team. I do think Robinson Cano for ten years is worth $240mil- for the New York Yankees. For the Seattle Mariners he is worth closer to $198mil than $240mil so I have to say this a overpay. Not only is it an overpay but it’s an overreach in terms of years. Even if Robinson ages well, one has to imagine that the contract will be dead weight come 2021 and beyond.
If Seattle figures to be a possible playoff team in the near future and Cano is the piece that puts them over the hump then one can see why they would make this deal. As it stands, Seattle won 75 games in 2012. Nick Franklin, who was the expected starter at second for Seattle, is projected to have a 1.5 fWAR by Steamer and 2.6 fWAR by Oliver. Let’s split the difference at 2.0 fWAR. Cano is projected by each at 5.4 and 4.6 so let’s call it 5.0. That is a three win upgrade at the price of $24mil or $8mil per win. And it only jumps Seattle up to a nearly .500 baseball team.
Going forward Seattle could be a playoff team down the road. But by the time this happens, Cano will be in his decline and not as valuable as he currently is. Yet he will still be owed a lot of money could prevent the Mariners from signing players they could sign down the line to contend.
While a large contract made sense for the Yankees, especially in the short run, they did not want to go past seven years- and I can’t blame them for that. Long term contracts of that magnitude rarely turn out well and New York has learned that first hand with contracts they have handed out to Jason Giambi, Mark Teixeira, and Alex Rodriguez. With the money “saved” they can try to make up for the lost value in others- possibly by signing Masahiro Tanaka, Omar Infante, and Carlos Beltran or Shin-soo Choo. Granted, this will eat up more roster spots than the one spot Cano would have taken, but it could save them money and years.
As for Robinson, I can’t blame him. Yes, I wish he stayed. I wish he chose a plaque at Monument Park over $240mil. I wish he chose to be a Yankee legend over $240mil. But he earned a big payday and he took it as he and other players have every right to. Hopefully when he returns to the Bronx he isn’t greeted with a chorus of boos.
I think it’s also interesting that a Yankee star at the height of his career LEFT the Yankees. For Seattle of all places. Imagine this scenario playing out five years ago? Ten years ago? Even with the signings of Brian McCann and Jacoby Ellsbury, it appears as if the Empire is dead.
Finally, Robinson Cano is the one player I can’t help but partial to. Not seeing him in the Yankee lineup everyday is going to hurt. Yet life goes on. Adios Robbie, and good luck in Seattle.
Hopefully this weekend I will put up a post outline what the Yankees should do now.