UPDATE: Mariners planning to offer nine years, $225 million to Robinson Cano

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UPDATE: The Mariners may not have offered $200 million to Robinson Cano yet, but it sounds like it’s going to happen before long.

David Waldstein of the New York Times and CBS Sports’ Jon Heyman are both reporting that the Mariners plan to offer nine years and $225 million to Cano. This is a slightly different number than what was reported by Enrique Rojas of ESPN Deportes earlier this afternoon, but it’s still likely higher than where the Yankees are willing to go.

Nine years and $225 million would give Cano an AAV (average annual value) of $25 million, tying him with Ryan Howard, Josh Hamilton, and Felix Hernandez for the fifth-highest in MLB history.

6:36 p.m. ET: Don’t rule out Robinson Cano’s return to the Yankees just yet.

Enrique Rojas of ESPN Deportes made some waves earlier this afternoon when he reported that Robinson Cano was on a plane to Seattle and that the Mariners were willing to bid $230-240 million over 10 years in order to sign him. However, FOX Sports’ Ken Rosenthal hears that no such offer has been made. At least not yet.

In other words, Cano is aiming to land the same contract that Albert Pujols received from the Angels (10 years, $240 million) two offseasons ago. Only two deals in MLB history have been richer, both of them for Alex Rodriguez, first with the Rangers in December of 2000 ($252 million) and later with the Yankees in December of 2007 ($275 million). The Mariners are obviously interested in making a big splash this winter, but they’ll likely have to blow the Yankees out of the water to have a chance. $240 million would probably do just that, but we’re not sure it’s actually on the table.

Gallegos agrees to 2-year, $11M contract with Cardinals

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ST. LOUIS – Reliever Giovanny Gallegos and the St. Louis Cardinals agreed to a two-year, $11 million contract, a deal that includes a club option for 2025 and escalators that could make it worth $20.5 million over three seasons.

The 31-year-old right-hander is 3-5 with a 2.91 ERA and 14 saves in 20 chances this season. He has 72 strikeouts and 15 walks in 58 2/3 innings.

“I feel so happy,” Gallegos said before the Cardinals played the Pirates in Pittsburgh. “I don’t have the word for exactly how I’m feeling.”

He was obtained from the Yankees in July 2018 along with left-hander Chasen Shreve in the trade that sent first baseman Luke Voit to New York. Gallegos is 14-15 with a 3.02 ERA and 34 saves in six major league seasons.

Gallegos gets a $500,000 signing bonus and salaries of $4.5 million next year and $5.5 million in 2024. St. Louis has a $6.5 million team option for 2025 with a $500,000 buyout.

His 2025 option price can increase by up to $3.5 million for games finished in 2024: $500,000 each for 20-25 and 26-30 and 31-35, and $1 million apiece for 36-40 and 41 or more.

He would get $250,000 for winning the Rivera/Hoffman reliever of the year award, $50,000 for All-Star selection and World Series MVP and $25,000 for League Championship Series MVP.

Gallegos has a $2.41 million salary this year.

He was eligible for salary arbitration and is potentially eligible for free agency after the 2024 season.