The Yankees just got outspent, and Robinson Cano is heading to Seattle
This is a huge shock, but the Mariners gave Cano a contract equal to what Albert Pujols received a couple years ago from the Angels. It is the third largest contract in MLB history, trailing only the two long-term contracts given to Alex Rodriguez.
The Yankees feel that the record-setting extension they gave to A-Rod was a huge mistake, and apparently weren't willing to take a chance on making the same mistake again.
Cano was reportedly offered 7 years and $175 million from the Yankees, and the Mariners' offer was sufficient to convince him and Jay-Z to turn their backs on the Bronx and take the money in the Pacific Northwest.
This is a huge coup for the Mariners, and comes as a huge shock. The Yankees have a long history of compensating their stars extremely well, and overpaid Derek Jeter for years. If they were willing to overpay Cano to the same extent, he'd still be in pinstripes right now.
Many agree that the Mariners gave Cano way too much money, but the Yankees just offered Jacoby Ellsbury too much. Why not invest that money in Cano, who is easily a superior player at a more valuable position and with skills that translate better over time?
This is a huge shift in the baseball landscape, and now look for the Yankees to make some other huge moves in the free agency market. We'll see how they plan on replacing his production in the lineup.