Yankees have made "significant offer" to Robinson Cano wp.me/p1rXvG-8XoA— Bryan Hoch (@BryanHoch) February 28, 2013
UPDATE: Thursday, February 28 at 6 p.m. ET by Doug Rush
According to Jon Heyman of WFAN and CBS Sports, the Yankees and Cano are still "far apart" in discussions.
Cano's agent Scott Boras made it clear that the 30-year-old slugger wants to focus on preparing for the upcoming season. As of now, it's hard to determine how far Boras and the Yankees have come in negotiations.
---End of update---
Cano is a free agent after the 2013 season and is due to make top money in free agency this winter.
There has been speculation as to whether or not Cano will be back with the Yankees after 2013, especially if he's looking for a deal anywhere between eight to 10 years and over $200 million—contracts comparable to those of Joey Votto (10 years, $225 million) and Prince Fielder (nine years, $214 million).
Joel Sherman of the New York Post said the Yankees are hoping to shorten the length of a contract for Cano, in which he said seven years and $171 million could be the "significant offer" that is being reported.
Cano has not only become the Yankees' best hitter, but perhaps one of the top players in all of baseball in recent years. In 2012, Cano hit .313 with 33 home runs and 94 RBI, and played in his fourth All-Star Game.
Considering their tumultuous 2012 campaign, locking down Cano is the right move for New York. How long it takes for them to accomplish that remains to be seen.