Cano Agrees To 4-Year Deal with Yanks

The NY Post is reporting that Robinson Cano has agreed to a 4-year, $30 million deal with the Yankees. The deal will also probably include a team option for both 2012 and 2013. An announcement from the Yankees will come after Cano passes a physical.

Update: Jon Heyman of SI.com has some details of the contract.

The Yankees and Robinson Cano have reached a preliminary agreement on a contract that will guarantee him $30 million over four years and could pay him about $56 million over six years. Once contract language and a physical are completed, the deal will be done.

The agreement is for $28 million over the next four years, with a $2 million buyout in 2012 and 2013, which would bring him to exactly $30 million. The option for 2012 is for $13 million and the option for 2013 is believed to be for about $15 million.

According to the same article the Yankees are also close to a minor league deal with Chris Woodward. "If added to the major league roster, he would get a one-year deal for $700,000 while in the majors and $120,000 while in the minors." Woodward hit .199 with the Braves last year in only 136 at-bats.