ESPN is reporting that the Yankees are closing in on signing Robinson Cano
to a $30M/4 year deal. This would be a pretty big departure for the Yanks who seem to derive a sadistic pleasure in pushing their luck with homegrown players and daring them to taste free agency.
Cano won't be elligible for free agency until after the 2012 season under his current deal, so they could've dragged this out and signed him to a series of one-year deals until that time. Locking him up is a great move, as far as I'm concerned, and the price is right considering the production he provides.
If it happens, this signing would accomplish something else. It would turn Cano from a potential trading chip in a big deal (maybe for Johan Santana), to a long-term Yankee for sure. His appeal as a player with arbitration years left would be gone. Which as I'm sure you've realized by now, I think is a great sign for the future of this team.
I'd love for the Yanks to buy out the arbitration years of their young stars. It signifies that their youth movement is more than lip service. Congrats to Robbie, put your name on the dotted line and settle into The Big Apple.