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: Dec 14, 2009
Posted on: November 27, 2010 8:53 am

Report: Jeter wants six years, $150M


Since: Mar 9, 2008
Posted on: November 27, 2010 8:11 am
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Since: Sep 8, 2008
Posted on: November 27, 2010 8:03 am

Report: Jeter wants six years, $150M

Has any one seen any public comments about what the Yankees' back up plan is for shortstop? Who else is out there as a free agent? Juan Uribe? Orlando Cabrera? Renteria?

Does any one know if there is a ss in Yank's farm system who is on the fast track to Yankee stadium? I think they signed a NY HS kid but he is like 18 or 19 and probably ha snot played past LoA?

Has any 1 heard anything about the Yankees' reasoning for opting out of a pontential one year deal with Jeter through the process of offering to have a neutral  arbitrator set the fair market price for a 2011 Derek Jeter?

Since: Nov 3, 2010
Posted on: November 27, 2010 7:05 am

Report: Jeter wants six years, $150M

Hahahahahahhaa.........I love it, I hope they pay him.  What a joke.

Since: Dec 6, 2009
Posted on: November 27, 2010 5:24 am

Report: Jeter wants six years, $150M

What Jeter wants, he's not going to get. If the Yankees cave to Jeter, then the organization is a sissy and will literally shell out bigger bucks than necessary to keep players.
If Jeter doesn't except what the Yankees are offering, then I feel sad. A reason why I liked the Yankees was because of Jeter, but now, I can't really see him anything other than greedy. Take the offer, stay with the Yankees, retire a Yankee.

Since: Apr 15, 2008
Posted on: November 27, 2010 4:50 am

Report: Jeter wants six years, $150M

If the Yankees don't pay him what he's asking no one else will either. I think most players are generally overpaid but considering his long years of loyalty and service at a HOF level for most of those I'd say the Stein's offer of 3yr/45m is exactly fair to both sides. NO ONE, I repeat, NO ONE is worth 25m a year. That's why we can't afford to take the family to more than one game a year, if that, because player salaries have been out of control for so long now. But back to the subject at hand if the Yanks don't want to pay him there's a nice little club over on the left coast that could use a veteran SS for the next couple years........No not the Doyers you losers, that WSC team with the lights out pitching!

Since: Nov 24, 2007
Posted on: November 27, 2010 3:46 am

Report: Jeter wants six years, $150M

Seeing a lot of comments about how the Yankees are trying to make Jeter look bad. To me he looked bad when he didn't take the 3 year/45 million offer. That is a gift. Seems like a pretty big thank you for the years of service and carries him to retirement nicely. If he wants to play at 40 I am sure they will work something out, but honestly he isn't worth half that amount. It is always nice for a team to have loyalty to their players, but the loyalty has to be returned as well. Jeter and Close need masks and guns to pull this crap off.

Since: Oct 26, 2010
Posted on: November 27, 2010 3:29 am

Report: Jeter wants six years, $150M

jeter's not worth $15 million---but the yankees are paying it just as a reward for past seasons.  Jeter's lost his superstar level stuff.  His agent will cave and take the money offered--book it.

Since: Dec 27, 2007
Posted on: November 27, 2010 3:07 am

Report: Jeter wants six years, $150M

What GM isn't a liar. you moron?  It's part of the job description.  If a GM doesn't lie to the media, he shouldn't be working.
Comparing Lee to Jeter is totally laughable as well, but I guess that's your thing.  By all means, take him in L.A.  Pay him the 25 million a year and win big next year.  You have our blessing.

Most GM's are smart enough, not to get caught in lies. Lying isn't part of the job description. Being diplomatic and shrewd is. Ca$hman doesn't have to be since he isn't a GM, but rather an ATM.

Comparing Lee is totally apt. He's only a few years younger than Jeter and he's a pitcher.

There is no proof he asked for 25 million a year. Bill Madden isn't a source to believed since everyone knows he's a Yankee shill and always has been. That's like believing Michael Kay or Wallace Matthews. Only a gullible fan would take those clowns as legitimate sources. One is directly on the Yankees payroll and the other 2 are indirectly.

LA isn't paying him 25 million a  year. If the Yankees continue to go this route and try to paint Jeter as a bad guy, he may just go elsewhere for less. The guy has pride unlike Ca$hman who is simply the banker of the Yankees. The only reason LA is viable is they need a SS and Donnie baseball is their manager.

Btw, who is the moron? You can't even type the sentence(s) correctly. You should have written, What GM isn't a liar? Are you moron? Or, You moron, what GM isn't a liar? Too funny. I guess you really don't know whatmatters, do you?

Since: Jan 21, 2009
Posted on: November 27, 2010 2:54 am
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