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

For more baseball news, rumors and analysis, follow @cbssportsmlb on Twitter or subscribe to the RSS feed.


Since: Sep 18, 2006
Posted on: December 4, 2010 1:48 am

Report: Jeter deal 'imminent'  He's not a top SS.  Not even close.

Mediocre BA/HR/RBI

Statue-like range...

He doesn't make the Yankees dime one anymore -- that train left the station two years ago.

But it's okay -- as a Yankee fan, you're likely hoping they bring back Damon, Godzilla and Chris Chamblisss....

Since: Sep 18, 2006
Posted on: December 4, 2010 1:46 am

Report: Jeter deal 'imminent'

The Yankees get what they deserve -- paying double what this 'has been' could get anywhere else?

While you're at it, give Rivera $22M -- he's a great 'clubhouse guy' too...

No wonder MLB is a train wreck...they desperately need a salary cap to protect them from themselves...

Since: Dec 10, 2009
Posted on: December 4, 2010 1:41 am

Report: Jeter deal 'imminent'


Since: Sep 17, 2007
Posted on: December 4, 2010 12:57 am

Report: Jeter deal 'imminent'

Let me be clear: JETER IS A 1st BALLOT HOFER. I greatly respect his accomplishments on the field, as well as his class off the field. But this is a business. Ask all the greats in any sport, Jordan, E. Smith, Montana et al. They end up losing what they once had and many times end up playing the last years of their careers for other teams, because the teams on which they became famous realized that time always gets the best of even the very best of the best. Granted, the no salary cap thing in baseball is a factor, but it doesn't change the fact that the Yanks don't owe Jeter anything. 

Since: Sep 17, 2007
Posted on: December 4, 2010 12:51 am

Report: Jeter deal 'imminent'

lol I love how apparently my opinion is unique. umm, check out what the experts are saying, no one thought he would even sniff the $15 mil per he was being offered by the Yanks from ANY other team. Now the Yanks go up to 19?? That's called bidding against yourself. To boot, they ALREADY PAID him for what he did in the past, to the tune of roughly $200 mill. But hey, what do I care. I'm not a Yankees fan. If they want to spend that kind of cash on a guy his age coming off the year he just had, be my guest. Who knows, in three years, they may have the oldest left side of the infield in league history. Now that would be fun wouldn't it?

Since: Apr 3, 2009
Posted on: December 4, 2010 12:36 am

Report: Jeter deal 'imminent'

He's still a top SS in the league, that doesn't have the best SS's.   Last year was a fluke, I think he'll put up good offensive numbers this year, somewhere around .290/15/70.
Is that worth the deal?  Not in the least bit, but he is a symbol and he makes the Yankees more money anyway.

Since: Sep 25, 2007
Posted on: December 4, 2010 12:12 am

Report: Jeter deal 'imminent'

Yeah.  That's it.  Anyone who thinks that Jeter is on the downside of his career and worth about half of what he's getting in this contract must be a hater.  No objective evidence whatsoever to question his value moving forward.

Since: Jul 15, 2008
Posted on: December 4, 2010 12:05 am

Report: Jeter deal 'imminent'


The guy had one bad year.  In 2009, he batted 334.  Amazing how many Jeter haters there are out there.  I guess he's hard to like since he's not juiced up and controversial. 

Since: Dec 27, 2008
Posted on: December 4, 2010 12:01 am

Report: Jeter deal 'imminent'

If they can afford to why not reward him for what he has done?  You guys jus cry your asses off because your sorry ass front offices cash luxury tax/revenue sharing checks, run at a profit every year and field pathetic teams while watching your most beloved players bolt long before they reach their mid 30s.

Since: Sep 17, 2007
Posted on: December 3, 2010 11:57 pm

Report: Jeter deal 'imminent'

wow, leave it to the Yankees to overpay for a has-been shortstop. i respect what he did in the pinstripes, but last I checked this is 2010, not 2001. to say that his best years are behind him is an understatement.

The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or