Not sure if I am breaking any rules here bringing up the evil empire in a Sox Forum. But they are and always will be our arch enemy so I thought it was something we all can have some fun with. First off ... Is Cano delusional? Because it seems like he is delusional and that alone should hurt his value.
Cano turned 31 in October and wants a 10 Year $310 Millllion contract. One would have to believe that he has 3-4 more years like his 2013 season in him.
Over the last 4 season Cano has averaged a WAR of 7. I have read that each WAR of 1 = 5M. To Justify a 10 year $300+ contract he would need to average a WAR of 6. Ten years is a long time but in reality a WAR value of 1 should be worth more in 8-10 years then it is today. Am I right about this? One thing that Cano has going for him is his position and team. The Red Sox had no problem extending Pedey to age 38. Cano provides more power than Pedey and Yankee Stadium is made for him so he can easily transition to DH in ages 37+. The Yankees are on record today ... Randy Levine said that no way are the Yankees doing a 10 year deal.
My prediction is that Cano will sign an 8 year deal with the Yankees at average annual value of 31M per for a total of $248M. In the end the Yankees will try not to bid against themselves but at the same time they need Cano to sell tickets and make the team competitive. It also hurts that the Sox won the World Championship in 2013. The Yankees are in bad shape to be forced into another ARod type of contract but I do not see anyway out for them.