Update (11:23am): Jack Curry hears that both Jeter and Mariano Rivera have agreed to defer money to move the process along. That’s huge as far as the 2011 payroll is concerned.
Based on the zillions of reports floating around, the Yankees and Derek Jeter could have a new deal finalized sometime today. Ken Rosenthal says it’ll be a three-year pact worth $15-17M annually, and that the fourth year will not be guaranteed nor will it be able to vest. A source called it “creative, hybrid” solution. I wonder how that’s going to work.