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.