Via Joel Sherman, the Yankees are planning to make Derek Jeter a three-year contract offer very soon, perhaps before the end of the week. The Yanks were hoping that Jeter’s camp would make the first offer, but apparently that’s not going to happen. Although there’s no indication as far as the amount of money they plan to offer, Sherman says it’ll likely come in around $45M, leaving wiggle room to go up to $60M. Ben went through the machinations of who wants what last night, and it doesn’t look like either side is ready to budge.
Sherman adds that the Yanks aren’t as close to making an offer to Cliff Lee, who is still in “fact finding” mode. Apparently Rangers’ team officials have told other others that if the bidding climbs to five or more years at $23M per, they’ll have trouble signing him. Good news for the Yanks.