Blog Entry

Report: Jeter deal 'imminent'

Posted on: December 3, 2010 11:32 pm
Edited on: December 4, 2010 10:50 am
Derek Jeter
A week ago, it looked like it could be splitsville for Derek Jeter and the Yankees, but now it appears they're going to stay together.

After a day of apparently fast-moving negotiations, the New York Daily News reported Friday night that an agreement on a new contract for the Yankees' captain could be mere hours away, signed Saturday or even late Friday. And it looks like the terms are going to end up closer to what the Yankees wanted than what Jeter was after.

A source familiar with the talks tells the Daily News talks are centering around a three-year deal with a possible incentive-based option for a fourth, at a value of about $19 million a year. That lets Jeter save face by not taking a pay cut (his just-expired 10-year deal averaged $18.9 million), but is nowhere near his initial position that was reported to be as high as six years at $150 million. The Yankees are believed to have started at three years and less than $45 million.

On pure baseball merits, $19 million is considerably more, probably twice as much, as anyone not named Derek Jeter would command on the open market. But this deal would recognize Jeter's off-field value, which was important to he and agent Casey Close, while remaining manageable for the Yankees and potentially expiring before Jeter turns 40.

So basically, it's the kind of compromise everyone figured would be the end result of all the posturing.

UPDATE: On Twitter , New York Times reporter Michael S. Schmidt says Jeter's deal with be three years at $15 million to $17 million per season, with a "creative hybrid type option" for a fourth year and notes the option is "not vesting and is highly unusual."

-- David Andriesen

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Since: Jul 8, 2008
Posted on: December 4, 2010 7:32 am

Report: Jeter deal 'imminent'

A salary MAX and MIN cap would be greatly beneficial to all of baseball.  It's common sense.  Look at the NFL.  I agree the teams with the best leaders making the correct decisions would consistantly win.  I don't know how you can justify teams in the same 'league' with one having a 250 mil payroll and another having a 20 mil payroll and say it's fair.  It's not fair.  Everyone knows it.  There needs to be a hard cap 'window' that teams must stay within.  The Fans Deserve Better.

Since: Aug 29, 2006
Posted on: December 4, 2010 7:20 am

Report: Jeter deal 'imminent'

"A cap doesn't matter at all.  Even with a cap, the teams that make the best decisions win titles.  Some say the Yankees can "buy" a title, but I disagree - all they really buy is a greater margin of error."
Let me understand this, you are arguing that a cap doesn't matter? That the winners are the guys that make the best decisions. Then you argue that the Yankees are allowed to make more bad decisions because of the ability to spend money?
Just so we are clear a cap would punish the Yankees and remove their margin for error advantage, which is the whole point. 
How is being able to screw up and then buy your way out of it and decision that is not related to a salary cap? The Yankees are not penalized for their dumb decisions. You know who is the Redskins, Lions and Raiders.  In 2009, George Steinbrenner was worth $1.15 Billion. Do you know what Dan Snyder was worth? $1.3 Billion. So you do understand that Snyder has more purchasing power than the Yankees. So his failure is proof that the cap is about exposing stupidity and poor decision making, no matter how rich you are. So don't tell me a cap is irrelevant.  A salary cap creates a playing field where you have to be organizationally smarter. 
The Yankees giving Jeter $19 Million or so a year for a breaking down 36 year old doesn't sound like the decisions of a good baseball decision to me. More like a $19 million per year PR move.

Since: Aug 17, 2006
Posted on: December 4, 2010 6:47 am

Report: Jeter deal 'imminent'

I'm shocked.  You mean he didn't sign with Boston? I can't believe it.  What an earthshaking offseason saga this has been.  Yawn.

Since: Jul 24, 2009
Posted on: December 4, 2010 6:21 am

Report: Jeter deal 'imminent'

Since: Dec 19, 2006
Posted on: December 4, 2010 5:44 am

Report: Jeter deal 'imminent'

A cap doesn't matter at all.  Even with a cap, the teams that make the best decisions win titles.  Some say the Yankees can "buy" a title, but I disagree - all they really buy is a greater margin of error.  They can give a stupid contract to Hideki Arabu (or whatever his name was) and still be able to sign other players, while the Royals or Pirates hand out a dumb contract and they may be set back for years.  It always comes down to smart decisions.  Look at the NFL - why are the Redskins, Lions, and Raiders always bad?  They have a cap, right?  They suck because no one knows what they are doing in the organization.  They make poor draft picks, bad free agent signings - all of which trickles down to the field.  They are stupid people making dumb decisions every year, and a cap doesn't save them.  I understand why some people want a cap in baseball, and it is annoying to see the Yankees do what they do.  If you put a cap in baseball, don't expect the Yankees to be bad (expect them to be good, as always) and don't expect the Pirates to be good (blind leading the blind in that organization).  Get better owners, GM's, and scouts and a cap is irrelevant.

Since: May 7, 2010
Posted on: December 4, 2010 5:40 am

Report: Jeter deal 'imminent'

I know everyone hates the yankees but, the season before last jeter put up his best offensive numbers. Stop hating he is a great player deal with it!

Since: Sep 30, 2008
Posted on: December 4, 2010 5:38 am

Report: Jeter deal 'imminent'

What team? Who?

Since: Aug 12, 2010
Posted on: December 4, 2010 3:45 am

Report: Jeter deal 'imminent'

Dawabbit88  what a moron you are.  The Yankees had the best overall record in baseball in the 80's and won 3 pennants and 2 world championships in the 70's.  If there was a cap in baseball, it would be for all clubs.  The loyalty Yankees pay thier players, such as the $19M Jeter is going to get the next 4 years probably and the $12M cone got after his prime would be cut out and they would spend more money on developing talent and still be the best organization in the league.  People screaming for a cap are fools, most likely liberal dumba$$e$ with no clue how to run a business.  Everyone, including the ball boys make more money due to the fact their is no cap.  When Carl Pohlad owned the Twins he was worth $12B and he cried about being small market.  All the owners are rich.  If somebody bought the Royals and spent $215M a season on them and marketed their product to outside markets, they would make money too.  The Braves and Cubs did it for years prior to FOX sports.  Winners attract fans, fans bring money, money create more wins.  Spend a little to make alot.  Invest in your own team and they will win or be competitive every year because most owners are nay sayers and wont do it, similar to life in general.  Positive people who spend money to make it and take risks end up enjoying life with all the spoils while the pessimist cowards end up broke and complaining.

Since: Oct 20, 2010
Posted on: December 4, 2010 3:13 am

Report: Jeter deal 'imminent'

Put a salary cap on baseball and watch the yankees NEVER win. Where were all you so called Yankee fans in the 70's and 80's when they stunk? Oh thats right, most of you goofballs making comments on us so called HATERS are front runners anyway. Closet MET fans!!

Since: Nov 12, 2010
Posted on: December 4, 2010 2:24 am

Report: Jeter deal 'imminent'

Shame this stiff is taking the spot of some deserving minor leauger. When is enough enough???

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