Robinson Cano's contract is the third-largest in baseball history. (Juan DeLeon/Icon SMI)
The Mariners have outspent the Yankees for this offseason's biggest free agent prize, reportedly coming to terms Friday morning with Robinson Cano on a 10-year, $240 million contract. After weeks of apparent inactivity regarding Cano, Seattle emerged as a serious contender for Cano's services earlier this week, prompting the All-Star second baseman and his agent, hip-hop superstar Jay-Z of the new Roc Nation Sports agency, to fly to Seattle on Thursday to meet with the team.
During the regular season, Roc Nation floated a 10-year contract worth more than $300 million as Cano's asking price for an extension, but once he became a free agent, they dropped their price to nine-years and something near $250 million. The Yankees, countered with an offer of seven years and roughly $170 million and were reportedly unwilling to go above $175 million. That created an opening for the Mariners, who lured Cano to Seattle on Thursday with a 10-year, $225 million offer. A report by the New York Daily NewsFriday morning claimed that negotiations had broken off after Jay-Z responded to that offer with a demanded for $252 million over 10 years, the exact terms of the contract that Alex Rodriguez signed when he left Seattle for the Rangers in 2001. Other reports suggested that Jay-Z's demand stemmed from the fact that Cano did not want to sign with Seattle, but contrary to both reports, negotiations continued Friday morning.