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: Jul 8, 2009
Posted on: November 27, 2010 5:09 pm
 

Report: Jeter wants six years, $150M

I wish Torre had stayed at LA. a couple more years. I would've loved to have had Jeter come to the Dodgers and close out Torre's career with Jeter at SS. I am not a Yankees fan, clearly, but I do think Jeter is a class guy relative to other superstar athletes. I hated Manny being with the boys in blue so getting a quality player and good locker room guy would have been nice.

Oh well...he could come play for Mattingly I suppose but it doesn't have the same story value.






Since: Dec 28, 2009
Posted on: November 27, 2010 4:55 pm
 

Report: Jeter wants six years, $150M

I guess Jeter feels he has the Yankees over a barrel since he is the face of the franchise, but I think he is badly mistaken if he thinks the Yankees will cave in to his demands.  The Yankees offer of 3 years and $45 million seems very fair, and he probably would not get a better deal anywhere else.  The Yankees have financially rewarded him well over the years, he would be wise to accept their offer and retire a Yankee as he should.



Since: Nov 27, 2010
Posted on: November 27, 2010 4:48 pm
 

Report: Jeter wants six years, $150M

If Jeter gets this kind of money! Somebody has alot money they don't want! In my opinion 45 million for 3 yrs. is more then fair! If Jeter can do better, more power 2 him. But, I don't think so.....................



Since: Nov 14, 2006
Posted on: November 27, 2010 4:16 pm
 

Report: Jeter wants six years, $150M

Jeter isn't worth 15 mil a year anymore so he should just consider himself lucky to be offered what he is. Personally, icon or not I would release him and let him get a taste of the real baseball market. It is about time the Yankees reign in their payroll as well. I fully expect the Yankees to go after Crawford and Lee hard. Worse yet, I expect them to get what they want. Mr. Jeter time to join the real world. Your time is done.


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."

 




Since: Jun 22, 2009
Posted on: November 27, 2010 4:13 pm
 

Report: Jeter wants six years, $150M

$25 million for a guy who batted .270 with 10 HR and 67 RBI??? Give me a break.  If they're offering him $15MM/yr for 3 yrs, that is EXTREMELY GENEROUS.  So, it sounds like he's basically asking the Yankees to pay him about $3MM/yr for his sagging production, plus another $21MM/yr for the "intangibles".  Nice, if you can get it, but they would be stupid to do that.  He is just another great player on the downside (about to hit the trough) of his career that should just go away.  That said, the dude really has had more than his share of the hotties over the years.  Props for that.



Since: Nov 14, 2006
Posted on: November 27, 2010 4:13 pm
 

Report: Jeter wants six years, $150M

INTERESTING: Right now at CBSSPORTS look at the Yankee Roster - Jeter does no appear at all

Why would his name appear on the roster? He is not on the team, he is a free agent...in case you have been following the recent news or the above article...idiot



Since: Nov 14, 2009
Posted on: November 27, 2010 4:05 pm
 

Report: Jeter wants six years, $150M

Perhaps Jeter should "take his talents" to South Beach and visit LaBron.  I'm sure the Marlin's will pay him the same as the combined salaries of the other 25 players.  As Gordon Gecco once say, "...greed is good".  Or, as Bruce Willis said, "Happy Trails...."
"



Since: Nov 14, 2009
Posted on: November 27, 2010 3:48 pm
 

Report: Jeter wants six years, $150M

INTERESTING: Right now at CBSSPORTS look at the Yankee Roster - Jeter does no appear at all



Since: Sep 11, 2006
Posted on: November 27, 2010 2:36 pm
 

Report: Jeter wants six years, $150M

 Jeter isn't worth 15 mil a year anymore so he should just consider himself lucky to be offered what he is. Personally, icon or not I would release him and let him get a taste of the real baseball market. It is about time the Yankees reign in their payroll as well. I fully expect the Yankees to go after Crawford and Lee hard. Worse yet, I expect them to get what they want. Mr. Jeter time to join the real world. Your time is done.



Since: Oct 15, 2006
Posted on: November 27, 2010 2:07 pm
 

Report: Jeter wants six years, $150M

The Unchosen...

While I agree that Jeter isnt worth the money, there is nothing wrong with people trying to make the most they can. People losing homes and jobs shouldn't even be mentioned in the same sentence. That's assenine!


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