Blog Entry

Report: Jeter wants six years, $150M

Posted on: November 26, 2010 9:53 am
Edited on: November 26, 2010 4:34 pm
 
Derek Jeter
Late last season, Major League Baseball and the players association reached an agreement to stop discussing contract negotiations through the media. And just weeks ago, the Yankees and Casey Close, the agent for free-agent shortstop Derek Jeter, agreed not to disclose their negotiating positions.

And yet here we are, not surprisingly, with everybody's laundry hanging out on the public clothesline. The Yankees, we learned earlier in the week, have offered Jeter three years at $45 million. And now, Bill Madden of the New York Daily News reports that it's thought Jeter's starting point is six years at $150 million -- and that he's unwilling to budge from the annual value of $25 million.

The Yankees have taken a hard line, saying this is a baseball contract, not a golden parachute, and Jeter is a 36-year-old infielder coming off his worst season. Add the $45 million, which is significantly over market in a strict baseball sense, to the $200 million the Yankees have already paid Jeter, and he'll have earned more money than anyone in baseball history not named Alex Rodriguez.

Close, however, is seeking a lifetime achievement award that recognizes Jeter's iconic status and the hidden value of having Captain Clutch in pinstripes. In what I'm sure just is a coincidence, the average annual value of the seven remaining years of Alex Rodriguez's contract is $24.9 million, but as Madden points out, the circumstances of A-Rod's contract were much different than Jeter's situation. Rodriguez was coming off a monster year as the Yankees' cleanup hitter, was 32 and appeared certain to be on his way to becoming the all-time home run leader (and word of his steroid use had not yet come out).

There's simply no way the Yankees, even with their financial means, can pay Jeter $25 million a year -- especially considering that since they pay a 40-percent luxury tax, it would cost them considerably more than that. And there's little chance someone else is going to pay Jeter more than the $15 million a year the Yankees are offering. So Jeter is going to have to find a way to soften his stance while not looking like he caved.

UPDATE: Close responded to several media requests for comment with a statement that the report of Jeter's position is "simply inaccurate," and declined to elaborate. If Jeter's demands are substantially less than the 6/$150M report, don't be surpised to see a specific number leak later today -- Close's client is getting roasted in the court of public opinion.

-- David Andriesen

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Comments

Since: Jun 30, 2010
Posted on: November 26, 2010 8:58 pm
 

Report: Jeter wants six years, $150M

I am not a Yankee fan and now am hoping they pay him 150 million for 6 years as it will limit their other free agent options.  He is not worth half of that amount and a year contract is a stretch.  Lefe time achievment awards for a below average shortstop who has endorsements that add on anothe r 10 million.  It would serve the Yankees best to sever their ties with Jeter as this is not a best interst in the team move by Jeter.  He is trying to use the press to garner moneyu he does not warrant.



Since: Dec 15, 2009
Posted on: November 26, 2010 8:52 pm
 

Report: Jeter wants six years, $150M

This is the 3rd or 4th time ive seen someone say 4 time world series champ.......96,98,99,00,09.......that 5 right??



Since: Dec 2, 2007
Posted on: November 26, 2010 8:48 pm
 

Report: Jeter wants six years, $150M

Not even the Red Sox would give Jeter 25 Mil per year. He's worth 12.5 in fly-over country, maybe 16 on the left coast.



Since: Apr 29, 2007
Posted on: November 26, 2010 8:47 pm
 

Report: Jeter wants six years, $150M

Because no one comes on here to read your adds tool.



Since: Sep 6, 2006
Posted on: November 26, 2010 8:46 pm
 

Report: Jeter wants six years, $150M

It's 5 Time Champion! And please never bring Brett Favre up in the same sentence as Jeter



Since: Dec 5, 2009
Posted on: November 26, 2010 8:31 pm
 

Report: Jeter wants six years, $150M

 If Jeter wants 6 years, why not?

 If Brett Favre can keep going past 40 in a tougher sport, then a 4-time World Champion should be taken into consideration when it comes to a deal like this. Everyone thought Vlad Guerrero was finished until Texas grabbed him up and he proved everyone wrong.

 If the Yankees won't give it to him, somebody will. I can almost guarantee it. Whether he's slacked off or not, he's still a leader.



Since: May 1, 2008
Posted on: November 26, 2010 8:27 pm
 

Report: Jeter wants six years, $150M

This is a perfect misdirection story.  The media & the Yankee haters are focusing on this & not on Cliff Lee.  It's perfect media manipulation.  Thanks Jete.



Since: Dec 30, 2006
Posted on: November 26, 2010 8:04 pm
 

Report: Jeter wants six years, $150M

That may be the funniest thing I have ever read..  A good ball player who was never GREAT..  Has been over-payed for years..  Demands 6 years 150 million...  It is so nice to see something like this.  I am so tired of hearing everyone in the media on this guys jock for years...  Below average at the plate, below average in the field even though he just got a gold glove...lol...  At the end of his career where the Yankee fans defend him like he is some hero and he screws up...  he should have accepted the yankees offer and kept his great reputation and Yankee fans could have kept defending him...Instead, he is going to look like an idiot to everyone....  I love it.  You know if the Yankees won't pay a guy he is no longer any good.....  



Since: Aug 24, 2006
Posted on: November 26, 2010 7:49 pm
 

Report: Jeter wants six years, $150M

Jeter = Arrogant jerk.

People in Toronto have known this for years (see Ken Huckabee--Google this if you are not familiar with it, and not only Jeter's description.  Get the story of Jeter's reaction to Huckabee's phone call after Jeter was injured). 

Other than being a division rival of the Jays, I do not have an axe to grind against the Yankees.  But for my money, Jeter is a first class tool.  I'm glad people are finding this out.



Since: Apr 3, 2009
Posted on: November 26, 2010 7:42 pm
 

Report: Jeter wants six years, $150M

Bill Madden of the reports that it's thought Jeter's starting point is six years at $150 million -- and that he's unwilling to budge from the annual value of $25 million.

Read that.   Also, the 3 year/45 deal could just be bull.


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