Via Marc Carig, the Yankees will not offer Derek Jeter arbitration before tonight’s deadline, meaning they will not be entitled to draft pick compensation in the unlikely event that the Captain signs elsewhere. Joe laid out the case for offering Derek arbitration just yesterday, but apparently the Yanks deemed it too risky. Perhaps it’s a sign of good faith?
Update: Buster Olney thinks the Yanks would “essentially would bail him out after a down year” by offering arb since he “might make $22-23 million” through the process. I’m not sure I buy that though. Jeter wants a multi-year deal.