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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Since: Feb 1, 2008
Posted on: November 26, 2010 10:40 am

Report: Jeter wants six years, $150M

I'll give him $20 to play on my softball team.

Since: Mar 1, 2007
Posted on: November 26, 2010 10:38 am

Report: Jeter wants six years, $150M

This country is pathetic....we got people losing homes, jobs, etc and we got doosh bags like this who think they deserve a monster contract.  Yankees should be embarrased on how they conduct their business. 

JETER, wake up son, your 36 and getting slower.  25 mill a year ...this guy....seriously.  Hang up the cleats son and go play for Pirates at 5 mill a year.  Get the fck outta here. 

Since: May 14, 2009
Posted on: November 26, 2010 10:37 am

Report: Jeter wants six years, $150M

First, when was the last time "captain clutch" actually came thru?     Second, what is this guy smoking?   15 million is 4 times what he is worth...  I believe Bernie Williams had a slightly better/comparable 'final season' for the yankees and got offered a minor league contract..

It's not going to happen, but would really like the yankees to just say fine go elsewhere... then we see what mr. jeter can do away from a team full of ridiculously paid contracts and all stars.

Since: Nov 5, 2006
Posted on: November 26, 2010 10:36 am

Report: Jeter wants six years, $150M

Jeter's demans are utterly ridiculous and he should feel lucky to get 3 years, 45M at this point.  What a douche.

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