Robinson Cano's new agents have yet to begin negotiations with the Yankees about a contract extension, Cano told ESPN New York's Andrew Marchand. Cano recently made headlines when he switched his representation from Scott Boras to CAA and Jay-Z's Roc Nation Sports, with CAA's Brodie Van Wagenen handling the negotiations over Cano's next contract.
As a matter of club policy, the Yankees usually wait until after the season to discuss contract extensions, even with such franchise icons as Derek Jeter and Mariano Rivera in recent years. Cano is a different case, however, given that he is entering free agency in the prime of his career. Even though the Yankees may or may not be sticking to their plan of keeping their 2014 payroll under the $189MM mark, re-signing Cano has always been a top priority for the team. GM Brian Cashman confirmed that the club made "a significant offer" to Cano in February when he still represented by Boras.
Cano is far and away the top pending free agent available on the market, as per Tim Dierkes' 2014 free agent power rankings. Though he turns 31 in October, Cano will command a contract in the range of $200MM this winter. At that kind of money, Cano's market will be limited to only the biggest-spending clubs and naturally the Dodgers have already been mentioned as likely suitors for his services.