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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: Nov 28, 2010
Posted on: November 28, 2010 10:40 am
 

Report: Jeter wants six years, $150M

Jeter's washed up.  They would be better off with ARod at short and find a power hitting 3rd baseman.



Since: Nov 14, 2006
Posted on: November 28, 2010 10:28 am
 

Report: Jeter wants six years, $150M

I will forever give up watching or listening to baseball if Derek Jeter gets a contrack that pays 25 mil a year!

That's your right to do so...nobody will care what you do but you can exercise your right as a consumer not to watch.

Millions of people are out of work and would give anything to work for $40 dollars an hourlet alone 25 mil a year!

That has nothing to do with MLB...the market makes distinction of value and salary..This is by no means the players fault. The owners make hundreds upon hundreds of millions..are you suggesting the owners should pay players 50,000 a year? How many people in the world can do what these athletes are doing at this level...it's rare and the fans want to se it ans the owners make a ton of money off of it. So then money is inline with the product...is there a differeance from the hedge fund guys who made hundreds of millions and in some cases billions betting against home loan firms? They paid their staff exuberant bonuses and increased salary tremendously.


It is a disgrace to the paying public what these players are getting paid!

Actually, it's a direct result of the paying public...you are aware of the economics of baseball or any sport?


Its got to stop somewhere, someday. I will start by never giving a dime to MLB or anythinmg associated to it, ever again!

What your suggestion is the ONLY way. If no one watches or goes to the games then revenue will decrease and owners will NOT be able to pay the types of contracts they do now.





Since: Nov 14, 2006
Posted on: November 28, 2010 10:19 am
 

Report: Jeter wants six years, $150M

Please tell me you are kidding -- You think the Yankees aren't going to sell out games if Jeter isn't a Yankee.   That is dilusional.  Almost as delusional as Jeter thinking he is worth 23-25 million a year right now.


First, that was not my opinion (notice the quotation marks). Second, I never he was worth 25 million (20 million is more likely) Finaly, if don't see Jeters market value to the Yankees then YOUR delusional.  FYI..the Yankees are not selling out now...if you live in Ny then your aware of the overwhelming about of calls from fans who will cancel the season tickets if Jeter is not a Yankee.



Jeter is past his prime -- His best years are behind him. 


Both are true statements but he had only 1 bad year and as far as you or I know he might hit 300 next year. Despite his age he was still stats wise one of the top SS in baseaball and a gold glover (fewest errors, highest fielding%).



Plus, with the luxury tax, his 25 million asking price will be costing the yankees 35 million a year for him (40% luxury tax). 


Jeters value to the Yankees, as stated in the link I provided earlier, says he currently brings in 20 million to the franchise, reaching 3000 hits will only increase his value and eran the team more money. Yankees at 15 mill Jeters agent now came down to 22 mill ...both sides know 20 mill is the right number based on what the Yankees bring in off jeters name.  Are you seriously thinking the "competative balance tax" is what is holding the Yankees back....your kidding right?



If Jeter was 'Mr. Yankee' -- he'd be taking a pay cut, so the Yankees could go after Cliff Lee and Carl Crawford.  Two guys in their prime.


NO! why would you say that? First off if Jeter had 1 more year left your implying the Yankees would not have gone after Crawford or Lee? Really buddy, Jeter's agent is looking for the most money and the Yankees are not hurting, so signing Jeter will not be the deciding factor in the Yankees pursut of Lee (they already stated they were not going after Crawford).



Jeter has made TWO HUNDRED MILLION playing for the Yankees.  His asking price right now shows he only cares about himself. 


What Jeter has mde in the past has no bearing on today.His asking price is based on the 20 mil or so the Yankees make off his name and the fact that Jeter wll get to 3000 hits, only Yankee ever to do so, and the Yankees will market that and make a ton more money..Jeter has a point about his asking price. Are you suggesting it is OK for the Yankees franchise to profit from Jeters accomplishment but not jeter?


I've always respected Jeter, but after all this, he is no different than other greedy ballplayer.  The yankees offer of 45 million for 3 years is probably about double the amount any other team would offer him.


About double??? LMAO...based on what?

I've never had a problem with Yankees, as they are the biggest market and can afford to pay players exhorbitant amounts of money.  If they give in to Jeter and offer him more than the 15 million a year -- I am going to be joining those fans who can't stand the Yankees.


So your obviously not familiar with economics and Jeters value to the franchise....I understand, and now know why your argument is fillied with subjection and holes.




Since: May 29, 2009
Posted on: November 28, 2010 8:26 am
 

Report: Jeter wants six years, $150M

Obviously, your not aware of Jeters market value and how much money the Yankees make off of his name and with 3000 hits approaching the Yankees will market that accomplishment and make a lot of money off this feat.

 

 "If they lose the face of their franchise, ticket sales will absolutely go down, as will revenue associated with merchandising (Jeter jerseys, etc.) The Yankees will lose far more than $20 million per year if they don't bring Jeter back."

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Please tell me you are kidding -- You think the Yankees aren't going to sell out games if Jeter isn't a Yankee.   That is dilusional.  Almost as delusional as Jeter thinking he is worth 23-25 million a year right now.

Jeter is past his prime -- His best years are behind him.  Plus, with the luxury tax, his 25 million asking price will be costing the yankees 35 million a year for him (40% luxury tax).  If Jeter was 'Mr. Yankee' -- he'd be taking a pay cut, so the Yankees could go after Cliff Lee and Carl Crawford.  Two guys in their prime.

Jeter has made TWO HUNDRED MILLION playing for the Yankees.  His asking price right now shows he only cares about himself.  I've always respected Jeter, but after all this, he is no different than other greedy ballplayer.  The yankees offer of 45 million for 3 years is probably about double the amount any other team would offer him.

I've never had a problem with Yankees, as they are the biggest market and can afford to pay players exhorbitant amounts of money.  If they give in to Jeter and offer him more than the 15 million a year -- I am going to be joining those fans who can't stand the Yankees.





Since: Aug 23, 2010
Posted on: November 28, 2010 4:24 am
 

Report: Jeter wants six years, $150M

It's comical to me to hear people say things like "The Yankees should at least give him 15 million a year out of loyality". Give me a break. Jeter and his agent are basically trying to milk 20+ million a year out of the Yankees on the basis that "Jeter sales tickets and merchandise", not because he'll actually produce at the plate anymore. 

"Hey, I won't help you actually win games anymore. In fact, I might just hurt your chances of winning considering you could get a better player for half the price of me, but...pay me 20+ million a year because I'm Jeter !!!".  

Juan Uribe wants to taste the free market and would probably take 8 million a year from the Yankees and he'd produce better numbers. That would leave open a lot of money to go after some big boy free agents like Crawford or Lee.




Since: Jan 14, 2007
Posted on: November 28, 2010 3:27 am
 

Report: Jeter wants six years, $150M

at age 36 he is NOT worth it, his numbers this year proves it and no one gets paid for what they used to do.



Since: Mar 22, 2007
Posted on: November 28, 2010 12:54 am
 

Report: Jeter wants six years, $150M

Jeter may not be worth it, but I think he is responsible for much of the Yanks success in the post-seasons.  Yanks may still be in the low 20s without him.



Since: Sep 5, 2008
Posted on: November 27, 2010 7:17 pm
 

Report: Jeter wants six years, $150M

I will forever give up watching or listening to baseball if Derek Jeter gets a contrack that pays 25 mil a year! Millions of people are out of work and would give anything to work for $40 dollars an hourlet alone 25 mil a year! It is a disgrace to the paying public what these players are getting paid! Its got to stop somewhere, someday. I will start by never giving a dime to MLB or anythinmg associated to it, ever again!



Since: Aug 21, 2006
Posted on: November 27, 2010 6:29 pm
 

Report: Jeter wants six years, $150M

Derrik Jetter is all about himself I can see him asking for 150 mil.  There is no one in his right mind who will give him that maybe 1 or 2 mil. a year. He has lost a step in the field does not hustle any more. How much is 67 rbi's 10 home runs  worth.  He needs to get over him self,
. Casey Close has the same value on Jetter I believe the are on something.



Since: Jan 26, 2008
Posted on: November 27, 2010 5:14 pm
 

Report: Jeter wants six years, $150M

I don't see any other Major League Baseball team that would pay Derek Jeter that much. It seems there's some type of tension between A-Rod and Derek Jeter comparing how much each other makes. The captain feels he should make more for being the captain. Their relationship reminds me of Mickey Mantle and Roger Marris. Despite Derek Jeter not being a home run power hitter. 


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