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. (Source)

It looks like Robbie is going to be a Yankee for a long while. I like it. $7M per is pretty reasonable for the next four years and then the option years are big, but they serve a purpose.

The Yankees and Cano made a compromise. The Yankees gave Cano money now and in exchange Cano allowed option years in the contract. The option years keep Cano from free agency and will keep him in pinstripes longer.