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: Sep 15, 2006
Posted on: November 27, 2010 2:20 am

This Report is Not What is Happening...........

As soon as some drunken sports reporter started this rumor, Jeter's agent made a public announcement that it was not true.  Some one is trying to make Jeter out to look greedy.  I wouldn't put it past the cheap azzed Steinbrenner boys.  Born with silver spoons in their mouths, they are Hell bent against sharing Daddy's fortune with the players.  George is rolling in his grave.  He would have offered Jeter a long term contract to work in the front office when his playing days are over.  How many World Championships, AL Pennants and AL Eastern Division titles has he helped to deliver to the Yankees now?  The only thing Jeter has asked for is a 4 year deal to take him to retirement at 40.  The Steinbrenners are going to drive him to the Red Sox.  Wouldn't that be a hoot?  Jeter goes into the Hall of Fame wearing a Red Sox cap!

Since: Aug 18, 2006
Posted on: November 27, 2010 2:04 am

Report: Jeter wants six years, $150M

if Dan Uggla can't get 15 mill a year then Jeter sure as heck won't either. Reality is, Jeter should make about 4-5 million a year

Since: Sep 18, 2006
Posted on: November 27, 2010 1:45 am

Report: Jeter wants six years, $150M

Its pretty obvious that the Yankees aka Cashman and Hank Steinbenner are leaking all of this negative stuff about Jeter.... He has been the captain of the team and nothing but a professional throughout his career so call me crazy but I have trouble believing any negative stuff that is "leaked" about him... Jeter is just seeing the ugly side of life with the Yankees now that George has passed.... They are trying to let out a bunch of BS to get the fans on their side if they don't end up signing him...

Jeter is handling things professionally as expected but the Yanks are showing their true colors.... As a Yankees fan I find it pitiful that Cashman and Hank are handling the negotiations in public, rather than the way they should be handled.... But I guess this is who they will be now....

Since: Jul 28, 2008
Posted on: November 27, 2010 1:39 am

Report: Jeter wants six years, $150M

Jeter has always been one of my favorite Yankees.  And in my opinion, he will always be a Yankee.  Like Bernie, Tino, Paul, Joe Torre and other Yankee Greats from the past will always be a Yankee.  But what really gets me is that here is a man that has made more in his baseball career than everyone who is reading my post will see in a lifetime.  And he wants more money than what is being offered.  And I use to think that Jeter was a Class guy, a Yankee for life no matter what.  That is why I will always have respect for Paul Newman and people like him, in which I thought that Jeter was in this class.  But in the end, if Jeter stays I will be one happy Yankee fan.  If Jeter leaves, well all good things come to an end.  Sooner or later, Jeter will retire. 

Since: Oct 22, 2008
Posted on: November 27, 2010 1:21 am

Report: Jeter wants six years, $150M

Welcome to the Orioles, Derek Jeter.

We have a #2 all ready for you and we'll even let you wear your Yankees cap in Cooperstown.

F the Yankees.

Since: Mar 24, 2009
Posted on: November 27, 2010 1:07 am

Report: Jeter wants six years, $150M

Does ANYBODY that knows anything about baseball, including Derek Jeter himself, actually believe he's worth over $10 million a year MORE than Albert Pujols is making?Jeter's supposed to be asking for $150 million & a 6 year deal. The Yankees could get themselves another star shortstop for a lot less than $25 million a year.I agree with Brian Cashman-if Jeter can get that kind of offer from another team, I think he should take it.. Of course, NOBODY's gonna offer that kind of money & we all know it.If Jeter doesn't realize he's hurting his image right now, he's out of touch with reality.

Since: Oct 19, 2010
Posted on: November 27, 2010 12:09 am

Report: Jeter wants six years, $150M

Let him walk and see how much he's really worth outside a megamarket. Cubs could pick him up for about $3.50.

Since: Sep 12, 2007
Posted on: November 26, 2010 11:55 pm

Report: Jeter wants six years, $150M

I got an idea, offer him $3 million a year!!! What??? Think about it if you actualy think that $3 million is not enough. Serisouly, $3 million a year is a tremenous amount of money, tremenous amount, and he wants $25 million. There goes higher ticket prices again.

Please, what's Jeter and others going to do if that's all that they are offered, quit and get a "real" job. Doubt it. Think about it, what would you do if your current employer offered a 833% decrease in salary. You would quit in a heartbeat. But yet, these guys would stay and play cuz they would still be making tremendous money. It's time that these ridiculous salaries get in control.

Since: Jan 3, 2007
Posted on: November 26, 2010 11:41 pm

Report: Jeter wants six years, $150M

This a joke, Jeter would be doing good to get a 3 year 30 million at any other team in MLB. Does he really think he'll be worth this at age 43.

Since: Feb 27, 2007
Posted on: November 26, 2010 10:48 pm

Report: Jeter wants six years, $150M

Anyone ever think maybe Jeter wants out of New York? If he openly states that, he's going to get cooked well done. If they do it to make it a "contract" issue, he only gets cooked raw then the Yankees will get more heat and he would still maintain his public standing in NYC.

He's been there forever, done it right (never being married). Maybe he's ready to settle down and marry but doesn't feel that's possible living in NYC or maybe it's becoming a burden to be a Yankee this late in his career (his Cal Ripken move to third is blocked there as well as the championship or bust mentality).

I don't know the man, betting no one here with an opinion does. But anyway it really may not be all about money here. If it isn't about money, I'm envious.  I live in a city (Chicago) that I like less every day that passes but can't afford leaving to a place I'd enjoy more because of money. He don't have that problem. He'll be more than fine if he never earns another penny.  

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