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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Comments

Since: Sep 24, 2007
Posted on: December 3, 2010 11:55 pm
 

Report: Jeter deal 'imminent'

I love how the Evil Empire bids against itself.   Three years, $45 million....No other team would may more than $5 mil for a 270, statue fielieding ss...Sowhat does the Empire do???  They INCREASE the ONLY BID!!!   Because, yes, the .270 hitting, no range in the field SS MUST make more money tahn the 25 yr old, 30 HR 120 RBI Stud in Colorado.....



Since: Jan 15, 2008
Posted on: December 3, 2010 11:51 pm
 

Report: Jeter deal 'imminent'

A duh!!
He is not going anywhere.


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