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: Nov 7, 2008
Posted on: November 27, 2010 11:12 am

Report: Jeter wants six years, $150M

I hope, as the update states, that this is just another news media outlet making up news to be the first to report it because Jeter, right now, isn't worth half of that salary.   If the story is accurate, well then lets see if someone else out there, the Mets maybe?, are dumb enough to give him even half that amount.

If he really wants $25 mil, drop him, trade for a young SS, and move on.  He's a Yankee legend, but even legends have to be realistic.

Since: Feb 1, 2007
Posted on: November 27, 2010 10:58 am

Report: Jeter wants six years, $150M

Really a plant??  Please the agent is trying to muddy the waters.   Jeter thinks he has the Yankees over a barrel and that they will have to pay him because of the fans.  However a 3 year 45 million deal is just right for what he worth. 

The Yankees aren't being cheap, in fact a 3 yr 45 mill deal is pretty darn generous, Jeter was not very productive last year and is aging fast.  The the Yankees will be just throwing half that 45 mil away considering they could get more production for half that money from another player. 

The Yankee fans like to win, and Jeter at 15 mil a year does not give them the best opportunity to win. Jeter was great, but really he needs to buy himself a new set of clubs and go relax.

Since: May 10, 2010
Posted on: November 27, 2010 10:38 am

Report: Jeter wants six years, $150M

Did anyone read the update?? His agent denies that they ever requested the years and money!! Why does everyone automatically assume that it is the agent that is lying? I'm not a Jeter apologist- I'm a Red Sox fan for crying out loud!- but this smells like a plant from the Yankees to use for a little media backlash. 

Since: Sep 17, 2007
Posted on: November 27, 2010 10:23 am

Report: Jeter wants six years, $150M

I used to respect Jeter. Not anymore. Is this guy serious?

Since: Feb 22, 2010
Posted on: November 27, 2010 10:08 am

Report: Jeter wants six years, $150M

If you can find someone willing to give you 6 years at $25 million per year, go ahead and sign, but I can't imagine there's an owner out there, especially in this economy, who will throw that kind of money at someone.  Especially a guy who will turn 37 half-way through season #1 of that six year deal.   It sure looks like the Yankees aren't going to do it.

Since: Apr 11, 2007
Posted on: November 27, 2010 10:02 am

Report: Jeter wants six years, $150M

Wow.  Good luck with that Jeter.

Since: Sep 14, 2006
Posted on: November 27, 2010 9:45 am

Report: Jeter wants six years, $150M

How bout 6 months...   150 thousand...  Hard to feel bad for the "poor" NY Yankess, they have alone created crazy inflated contracts, paid over the hill, overated players in the past and will do it once again.  Jeter is a great Yankee, but he is showing his AROD side here...  How anout 4 years, 100 million?   Didnt the Yankees pay him 200 million a few years back?????   Come on Derek dont be that guy!!!!

Since: Aug 27, 2006
Posted on: November 27, 2010 9:35 am

Report: Jeter wants six years, $150M

Die hard fan huh?  Were were  you in the early 90's when they sucked?  They couldn't give TICKETS away. 

Since: Sep 5, 2008
Posted on: November 27, 2010 9:20 am

Report: Jeter wants six years, $150M

So if the Yanks cave on this what will they give Cano - $30mil a year?  What will they offer Lee - $35mil a year?  This is a joke, if it's true let him walk.  Jeter wouldn't be worth $25mil a year if he was in his prime and he hit 30 HR a year on a steady basis.  He wasn't WORTH the $20mil he was getting.  This "face of the Yankees" crap is just something he can try to cash in on, it means nothing.  Play for another team at between $8 - $10 mil a year if you're lucky with a contract lasting maybe three years, again if your lucky.  Then get traded back to the Yanks so you can retire and go into the Hall as a not so beloved Yankee!

Since: Aug 27, 2006
Posted on: November 27, 2010 9:07 am


The Yankees won't pay him 25 million because he is Half White.  That's my opinion.

 Sounds Ridiculous doesn't it?----I know it does...but I like putting the shoe on the other foot.  Go Sox.

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