Tag:Derek Jeter
Posted on: January 5, 2011 1:01 pm

Cards, Pujols resume contract talks

Albert Pujols
The Cardinals and the agent for Albert Pujols have begun serious discussions this week on what promises to be a groundbreaking contract for the three-time MVP.

Sources tell the St. Louis Post-Dispatch that negotiations have taken a "positive" tone, though Pujols' agent, Dan Lozano, and general manager Jon Mozeliak have pledged negotiations will be conducted privately. Pujols is in the final year of an eight-year deal, and has said he won't talk contract after spring training opens -- either the Cards wrap him up with an extension in the next few weeks, or he becomes a free agent at the end of the season. That's not to say St. Louis couldn't still sign him after the season, but you know the Cardinals would rather not have him testing the market.

This should be interesting to watch, because perhaps no player in history has been better positioned to ask for a huge payday than Pujols. Basically it's 2000 Alex Rodriguez (best player in the game looking for a career contract) multiplied by 2010 Derek Jeter (face of a franchise that can't even think about losing him).

Looking at recent contracts, how much is Pujols theoretically worth? We're talking about a player who has finished in the top two for MVP in seven of his 10 seasons, and is about to turn 31. Is he the first $30 million a year guy? Given that St. Louis is a relatively small market whose payroll last season was $94 million, can they even think about paying someone $30 million, no matter how much he means to the franchise? Is Pujols willing to take less than he might get elsewhere in order to be a career Cardinal? Like I said, this could get interesting.

-- David Andriesen

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Posted on: December 9, 2010 12:51 pm

Exact details on Jeter contract

Derek Jeter When Derek Jeter signed to return to the Yankees, there were various reports that the option fourth year had some kind of weird voodoo structure. Well, Ken Davidoff of Newsday has got the precise details:

2011: $15 million, with $2 million deferred without interest
2012: $16 million, with $2 million deferred without interest
2013: $17 million, with $3 million deferred without interest
2014: Player option for $8 million, with $3 million buyout if Jeter elects free agency

The 2014 contract can be increased by up to $9 million (for a total of $17 million) with any combination of bonuses, earned between 2011 and 2014. He can get more than one of each -- for instance, multiple Gold Glove bonuses if the voters continue not to pay any attention to who they're voting for. Anyway, here are the bonuses: $4 million for AL MVP; $2 million for placing second-sixth in MVP voting; $1.5 million for Silver Slugger; $500,000 for Gold Glove; $500,000 for ALCS MVP; $500,000 for World Series MVP.

As Davidoff points out, this is a pretty team-friendly setup. Jeter would have to do a lot to earn anywhere near the max.

-- David Andriesen

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Category: MLB
Posted on: December 4, 2010 4:47 pm
Edited on: December 4, 2010 6:30 pm

Jeter's deal officially done

Derek Jeter So, the Derek Jeter deal is done. Like really done. And we can all move on.

The end result, Derek Jeter is rich and Derek Jeter is a Yankee. So really, not much has changed in the world.

YES Network's Jack Curry was the first to report the deal was officially done, but not all the particulars have been reported yet.

Now we can move on to just how much money the Yankees are going to give Cliff Lee.

UPDATE: Curry has the details -- Jeter's deal is three years for $51 million, plus a player option for $8 million in the fourth year, with as much as $9 million in incentives. There is a $3 million buyout.

UPDATE: Sports Illustrated 's Jon Heyman tweets that there's a "point system: for Jeter's option year -- which could make his contract worth anywhere from $56 million to $68 million for the four years. The points are based on winning an MVP, finishing 2-6 in MVP voting, winning the Silver Slugger and the Gold Glove.

While the BBWAA votes for the MVP, the Silver Slugger and Gold Glove are voted on by managers and coaches -- could they throw a couple of votes his way to cost the Yankees a little more money? Not that a million here or there would hurt the Yankees that much, it's at least worth asking the question.

-- C. Trent Rosecrans

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Posted on: December 3, 2010 11:32 pm
Edited on: December 4, 2010 10:50 am

Report: Jeter deal 'imminent'

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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Posted on: December 2, 2010 4:09 pm
Edited on: December 2, 2010 8:26 pm

Yanks, Jeter slowly closing the gap

Today on As the Jeter Turns… (but not like it once did) the Yankees have improved their offer, the New York Times ' Michael S. Schmidt writes .

Citing "A person in baseball briefed on the status of the negotiations" the team has increased its original offer of three years for $45 million, but wouldn't say if they improved the years, the money or both.

"It's still not close to being done," the source told Schmidt.

Sports Illustrated's Jon Heyman notes on Twitter that Jeter's side has come down in its demands, as well.

Of course, it's all just academic. There's no team in baseball who will offer Jeter more money and the entire baseball world would just prefer the two go ahead and get this done, since nobody believes there's any other outcome than Jeter being overpaid to play shortstop for the Yankees again next season.

UPDATE: Scmidt tweets the Yankees have upped their offer to three-to-four years at $16 to $18 million per year.

-- C. Trent Rosecrans

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Posted on: November 30, 2010 8:46 pm
Edited on: November 30, 2010 11:48 pm

Jeter meeting with Yankees in Tampa

Derek Jeter Could the Derek Jeter-Yankees negotiations be coming to a close?

Ken Rosenthal of FOXSports.com reports Jeter and agent Casey Close are meeting with the Yankees in Tampa.

Rosenthal said he doesn't know which Yankees official are at the meeting, but guesses that it would include owner Hal Steinbrenner and general manager Brian Cashman.

While nobody has expected Jeter to sign anywhere but New York, the negotiations have been public and nasty, with Cashman suggesting Jeter test the open market if he's not happy with the team's three-year, $45 million contract.

Jeter and Close are apparently looking for a four- or five-year contract worth $23 or $24 million per season.

Jeter finished his 10-year, $189 million contract that paid him $22.6 million last season, and word is he doesn't want to take a paycut, despite having perhaps the worst season of his career. He hit .270/.340/.370 with 10 home runs and 67 RBIs. The 10 home runs tied the fewest of his career, while his batting average, on-base percentage and slugging percentage were all the lowest full-season marks of his career.

UPDATE: Sports Illustrated 's Jon Heyman reports (via Twitter ) that one source indicates the Yankees may bump their offer up to $51 million, while another source tells him "nothing imminent."

-- C. Trent Rosecrans

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Posted on: November 30, 2010 11:02 am
Edited on: November 30, 2010 11:24 am

Jeter to Red Sox? He can't be serious

OK, Boston's "Little Brother Complex" has officially reached its apex.

Given the imbroglio between Derek Jeter and the Yankees, naturally there were instances of people saying, "Hey, wouldn't it be funny if Jeter signed with the Red Sox?" The New York Post photoshopped a picture of Jeter in a Boston uniform.

But there's a big difference between joking about it and seriously suggesting the Red Sox pursue Jeter, which is what Dan Shaughnessy of the Boston Globe did in Tuesday's paper.

Shaughnessy, Beantown's unofficial pot-stirrer, basically suggests the Red Sox should blow up their financial model just to hurt the Yankees' feelings.
Dan Shaughnessy "There is simply no downside to making Jeter a massive offer. In the worst-case scenario he calls your bluff and you get the Yankees captain.

I don’t care if Jeter is way past his prime or if the Sox would have to wildly overpay a player of his diminished skills.

I say offer him the world. Forget about Jayson Werth. Blow Jeter away with dollars and years. At worst this would just mean the Sox would jack up the final price the Yankees must pay. It could be sort of like Mark Teixeira-in-reverse.

And if Jeter actually signed with Boston, the damage to the Yankees’ psyche would be inestimable."

Yes, let's intentionally take on a ridiculously overvalued contract just to needle another team. Let's make baseball decisions based not on our own team but on playing some sort of mental game with someone else's. Sounds like a plan, John Henry -- get to work!

"What’s the harm in offering Jeter $20 million a year over three years?" asks Shaughnessy. What's the harm? You'd be paying a declining player more than twice what he's worth. A lot of teams end up doing that in hindsight, but you don't do it with foresight. If anything, the biggest damage to the Yankees that Boston fans should hope for is that New York hamstrings itself by overpaying for Jeter.

Look, I know Shaughnessy is trying to sell papers, but the only "inestimable damage" here is to his credibility.

-- David Andriesen

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Posted on: November 29, 2010 7:02 pm

Giants inquire after Derek Jeter

Jeter The Wall Street Journal reports that the Giants have contacted Derek Jeter's agent in gauging Jeter's interest in playing for the Giants.

However, many in the game remain skeptical that Jeter will leave New York, unless so disillusioned by the process that he feels it's time to leave. Given how unlikely that is, the current state of talks remains viewed as nothing but grandstanding and posturing by both sides.

"Every team will have to make a read as to whether it's real, whether there's a chance to get him," an executive from another club told the Journal . "Nothing's going to come of it. He's going to sign back with them, I'm sure."

Before that happens, Jeter is expected to do exactly as GM Brian Cashman suggested he do, and that's shop the Yankees' offer, which no other team will be interested in topping. However, the Giants, coming off a World Series win and in desperate need for a shortstop, are at least doing due diligence in speaking with Jeter's agent. Brian Sabean, San Francisco's GM, was vice president of player development when Jeter was drafted in 1992, so there is some history there.

Alas, the Giants are not seriously pursuing Jeter at this point and one has to think won't get to that point unless Jeter tells them he will accept less than the Yankees' offer to play on the West Coast.

That's doubtful to happen.

-- Evan Brunell

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