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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: Sep 14, 2006
Posted on: November 27, 2010 1:38 pm
 

Report: Jeter wants six years, $150M

From the above: "Close's client is getting roasted in the court of public opinion."
Yeah, that's what happens when websites like this repeat other people's source-said report and neglect Jeter's side that the source-report is INACCURATE. Why isnt tha the lead and headline of the article after reporting the source-said report. That would be the latest news on this issue. Where's the the update from Madden that Jeter supposedly has come down with his asking price, coincidentally less than 24 hours after Jeter's agent chastised Madden's report as inaccurate. Other outlets said no talks have taken place. Sounds like Bill Madden is tryng to save face and protect his Yankee source, who likely leaked to the NY Times with a slightly less Jeter request.. Jeter is following MLB rules: no negotiating in the media..



Since: Sep 14, 2006
Posted on: November 27, 2010 1:33 pm
 

Report: Jeter wants six years, $150M

Jeter's agent didn't disclose his asking price because of an agreement not to publicly discuss money. I believe this is a MLB rule. The Yankees are obviously breaking that agreement, but the supposed Jeter proposal is "inacurrate." NY Daily News columnist Bill Madden today kind of backed off on his "exclusive" 25M per year for six years. After Jeter's agent called his Numbers inaccurrate, Madden today writes Jeter's request has come down some.. All within 24 hours of Jeter's agent debunking Madden's exclusive. At the same time, the Yankees (likely the same source) leaked to the NY Times Jeter wants 24.5 M a year. It looks like the Yanks are trying to make Jeter look greedy. Seems to me, Jeter, on principle, should sign with another team. Maybe he and Mo can become a package deal. I've been a Yankee fan since 1963. Their departures would hurt, but Cashman and the Steinbrenner Boys deserve a spanking.



Since: Dec 12, 2009
Posted on: November 27, 2010 1:03 pm
 

Report: Jeter wants six years, $150M

My God!  The media is shameless in their attempt to make Jeter the bad guy. All of the publicity on this negotiation has been initiated by the Yankees, this last bold face lie included.  I'm not surprised CBS would jump on it an publish without confirmation. Even Close's denial isn't good enough.  You've already got the next round of Jeter bashing all lined up. This is a classy ballplayer getting raked over the coals for no reason, is their anyone out there with the courage to defend that?



Since: Apr 6, 2009
Posted on: November 27, 2010 12:53 pm
 

Report: Jeter wants six years, $150M

Where is Scott Boras? Although he has taken many teams to the cleaners he sure finds a way to make contracts work. Give Jeter 4 years with club options on the 5th and 6th years. Put some language in the contract that will turn these into player options if he hits certain numbers in first year 4 and then year 5. These numbers being games played, maybe 135 or so. Then add something for production at the plate, say maybe hitting at least .275 and 440 plate appearances. If these numbers are not reached it means his play has significantly diminshed by those year. At this point another set of language kicks in which would either have Jeter in the front office in some capacity or coaching in some capacity. Lets face it one way or another they are gonna get something done, it is just a matter of what. This being said I think a contract of this type woukd be great for both parties and although I despise the yankees, I would like to see Jeter remain with them. Lets face it, Jeter much like lets say Peyton Manning represents much more than just being the face of a franchise. They are athletes who are iconic and represent their sport and are some of the few athletes who tie us to a time where a star athlete plays for one team his entire career. Unlike now, back in the day it was an exception for a player such as Mays to finish his career with another team while today its the norm. Just go into any sports merchandise store and shuffle throught the clearance rack of star players jerseys.... of their former teams.



Since: Aug 24, 2006
Posted on: November 27, 2010 12:48 pm
 

Report: Jeter wants six years, $150M

Wilie GI, you make some great points. NY will offer him 18 mill for 1 year.No other team will pay him anymore than that.Derek should take the money & make this his Bu-bye year.



Since: Nov 27, 2010
Posted on: November 27, 2010 12:33 pm
 

Report: Jeter wants six years, $150M

HERE'S THE DEAL -  SHOULD WE PAY AGING TEAM STARS "ICONIC" MONEY ?
IF SO,  SOMEONE OWES DON MATTINGLY SOME BUCKS !

THE YANKEES DID FIGURE IN THIS "ICONIC" MONEY ON THIS DEAL, THOUGH THEY DID NOT HAVE TO.


DEAR MR. CASHMAN
 
MANY ! MANY ! YANKEE FANS WANT TO THANK YOU FOR THIS VERY FAIR DEAL YOU ARE OFFERING  (IN TRYING) TO KEEP
A VERY IMPORTANT PLAYER IN OUR HISTORY, WE ALSO THANK YOU FOR PAYING JETER OVER MARKET THE LAST DECADE.
YOU HAVE MADE THE HIM VERY RICH AND OUR TEAM HAS MAINTAINED OUR RICH HISTORY.
JETER IS A GREAT YANKEE BUT HE WOULD BE THE FIRST TO SAY.... "IT IS ALL ABOUT WINNING THE WORLD SERIES"

MR. CASHMAN PLEASE USE THE ORGANIZATION'S MONEY IN THE MOST EFFICIENT MANNER TO SECURE THE ABOVE.

CASHMAN / STEINBRENNER'S ....WE SUPPORT YOU !!!

SINCERELY,
MOST FANS !



Since: Sep 29, 2010
Posted on: November 27, 2010 12:24 pm
 

Report: Jeter wants six years, $150M

To me Jeter is still looking for 20 mil a year at 4 yrs, Yankees only wanna give him 3 yrs.  So end result should be 4 yrs, 18 to 20 mil.



Since: Aug 16, 2006
Posted on: November 27, 2010 12:12 pm
 

Report: Jeter wants six years, $150M

I think Jeter's agent is engaging in the typical agent language of double-speak.  Note that Close said the report is "simply inaccurate" but declined to clarify what the actual amount of the request. For example, maybe Jeter's camp DID start negotiations with 25 million per year, but they actually only hinted at the contract length. If ANY part of the report was inaccurate, Close could call the report inaccurate. Despite the fact that I am a Red Sox fan, I have always respected Jeter, and I hope that this incident doesn't sully his image. But if these accounts possess even a modicum of truth, then I've lost a lot of respect for Jeter. But I'll wait bit before making a decision on that. This story is not over. For example, maybe that 45 million over 3 years was not all guaranteed. Perhaps it was 5 million on signing, 10 million each for the first years, and a 20 million club option on the 3rd year (that the club would void). Let's just wait and see.




Since: Nov 1, 2007
Posted on: November 27, 2010 12:06 pm
 

Report: Jeter wants six years, $150M

I totally agree. Jeter did not have stellar numbers last year, and he has already been paid very well for his previous services.



Since: Oct 22, 2007
Posted on: November 27, 2010 11:37 am
 

Report: Jeter wants six years, $150M

This is getting rediculous.  Only way Jeter will get $25 million is if he wins the lottery..  The Red Sox wouldnt sign him for 15 Million... No team would, except maybe Toronto and it would only be for ticket sales.


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