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: Jan 17, 2008
Posted on: November 26, 2010 10:34 pm

Report: Jeter wants six years, $150M

first of all I would not believe anything madden has to say. he is poorest exuse for a sports writer there is. Now they put him in the hall of fame, what a joke, he is a yankee fan. He has no integrity what so ever. He cares about the yankees and thats it.

Since: Nov 12, 2006
Posted on: November 26, 2010 10:17 pm

Report: Jeter wants six years, $150M

You don't want one side feeling that they got the raw end of the deal. If the Yankees are serious in not over paying for talent...then void Aroid's contract and then tell Jeter that they will give him 4 years $60 mill.

Void Rodriguez's contract?  Not even in fantasyland would that make it through the courts given the language of the MLBPA union agreement.  Completely ridiculous proposition.

Since: Sep 14, 2006
Posted on: November 26, 2010 9:45 pm

Report: Jeter wants six years, $150M

Here's how ESPN handled the Jeter denial.. Hedline and lede
Casey Close, the agent for Derek Jeter, says don't believe everything you've been reading in the newspapers. In an e-mail message sent in response to a question from, Close wrote: "The recently reported terms of our contract proposal are simply inaccurate."  Close was referring to a story in Friday's New York Daily News that reported Jeter had demanded a six-year, $150 million contract -- an average of $25 million a year -- from the Yankees, who have offered him three years at $15 million per.

Since: Sep 14, 2006
Posted on: November 26, 2010 9:43 pm

Report: Jeter wants six years, $150M

If Jeter's agent says the report of 6 years at 150M is inaccurate, how come the hedline and start of the story doesn't reflect that. The whole article is predicated an unnamed source claiming what Jeter is seeking. It's been denied and that's buried.

Since: Feb 26, 2010
Posted on: November 26, 2010 9:43 pm

Report: Jeter wants six years, $150M

Give it to 'em you Stooges in NYC.  This will be great fodder for every Sox fan this winter.  Just when you thought a player is different than every other Jeter lips off and thinks he's worthy of $25M a year.  Simply unreal! 

Since: Sep 15, 2006
Posted on: November 26, 2010 9:38 pm

Report: Jeter wants six years, $150M

I don't know what to make of this...I simply can't find the logic in it.  Jeter always talks about the pride he takes in being a Yankee, he is on the back end of his career and perhaps the years of baseball are simply catching up to him.  I think 3 years and $45 million is more than fair...he will touch that money with any other team out there.  It is more than a fair offer from the Yankees, Jeter needs to take a look at reality and sign the contract.

Since: Aug 19, 2006
Posted on: November 26, 2010 9:23 pm

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.

Since: Apr 13, 2007
Posted on: November 26, 2010 9:17 pm

Report: Jeter wants six years, $150M

If another team does they are idiots...15 mil per for 3yrs he wont get anywhere else

Since: Dec 27, 2007
Posted on: November 26, 2010 9:08 pm

Report: Jeter wants six years, $150M

Bill Madden is a Yankee shill. The Yankees through Ca$hman planted this to make Jeter look bad. I only hope Jeter takes less and heads to LA to play for Donnie Baseball and gets his 3,000th hit for the Dodgers. That would be total payback for all the time the Yankees gave it to the Dodgers.

Madden, Matthews and Kay are total shills of the Yankees and are more than willing to muck it up for their "employer." Jeter hasn't said a word, yet that reknown liar("we won't re-sign A-Rod if he opts out, "we are not interested in Teixeira.") Ca$hman told the press that Jeter can test the market and see what's out there. What a weasal that walking ATM is. He's no GM. Without his checkbook, he's another run-of-the-mill GM.

I despise the Yankees, but have profound respect for both Jeter and Riviera. The Yankees love to talk bottom line when it's in their interest, don't they? However, they're the first to overspend top get guys to sign. Hypocrites there are. Any team with a 220 million dollar payroll talking financial sanity is laughable. Then you add in the fact they have a offer of about 6 years-140 million to lee and it's just laughable. The Yankees are the #1 reason why a salary cap is a necessity.

Jeter may be 36, but he's still a top 5 SS. Didn't he win a gold glove? The guy has an off year and hits .270. He's in great shape, plays hard every out and is a winner. I hope they push him out of NYC.

Since: Nov 26, 2010
Posted on: November 26, 2010 9:02 pm

Report: Jeter wants six years, $150M

As a Yankee fan, I think that Jeter's leadership, presence, and performanc have been instrumental in the Yankees' success over the past 15 years; however, he is well past his prime and is looking to be paid for past accomplishments, which he was well compensated for.  If you objectively look at Jeter today, he isn't even a top 10 shortstop.  If he deserves $25 million/year for 6 years, then Hanley Ramirez should get $40 million/year for 10 years.  Regardless of the money the Yankees make, the player has to be able to earn his money on the field, which Jeter will not be able to do.  I hope that he can look in the eyes of millions of people who struggle to pay their bills and feel good about asking for that much money.  The perception of Jeter will change from a beloved Yankee to a typical greedy ball player. 

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