Cashman: Yankees Made Cano ‘Significant Offer’

4:45pm: Scott Boras didn't comment on the offer, telling CBS Sports' Jon Heyman that "Robinson is focused on preparing for and playing the 2013 season.  By agreement discussions shall remain confidential. Also by agreement, discussions will cease if they are a distraction to Robinson's performance and leadership of the 2013 Yankees.''

3:43pm: The Yankees made Robinson Cano "a significant offer" that would keep the second baseman off of the free agent market, GM Brian Cashman confirmed to reporters, including MLB.com's Bryan Hoch. Yankees managing general partner Hal Steinbrenner said earlier this month that the Yankees were prepared to offer Cano a significant long-term deal. It's now clear that the Yankees have made the 30-year-old an offer.

Cano, who's scheduled to hit free agency following the 2013 season, is a client of agent Scott Boras. Boras might expect opening bids for ten years at $20-25MM per season, Joel Sherman of the New York Post recently suggested. However, Sherman wrote that the Yankees would prefer a shorter term, perhaps $171MM for seven years. Cano recently told reporters that “it’s not about the money,” for what it's worth.