Yankees, Jeter getting ‘really close’ to a deal


Via Sweeny Murti, the Yankees and Derek Jeter‘s camp are working deep into the night and are getting “really close” to a deal. The team will not budge on three guaranteed years however, if anything a fourth year would be some kind of option. This entire situation has changed rather drastically in the last four or so days, and there’s a really good chance that this whole thing will be wrapped up before the Winter Meetings officially start on Monday.

Update by Ben (2:00 a.m.): Around an hour ago, Murti offered up a follow-up with some dollars. He reports that the deal for Derek would clock in at three years and $51 million and would include a vesting option for a fourth year at $10 million. I can live with that.

Categories : Asides, Hot Stove League


  1. bonestock94 says:

    That would be nice, I hate this storyline.

  2. Thank Mo! Literally and figuratively!

  3. How the 2010-11 offseason plays out in my head:

    1) Resign Jeter
    2) Resign Pettitte
    3) Resign Mo
    4) Sign Cliff Lee to a 6/120M deal
    5) Tell Texas to smd for thinking they can compete with us(You can’t roll with the big dogs if you pee like a puppy).
    6) Sign a backup for Montero (preferably Russell Martin, the best option on the board atm).
    7) Pick up a fourth outfielder.
    8) Sign some interesting bullpen pieces (DJ Carrasco and JJ Putz come to mind).

    Two out of eight steps done. :D

    • Pasqua says:

      That’s only a .250 avg. I mean, hell, even DEREK JETER had a better average than that last year. Yeesh. The Yanks are totally breaking down.

  4. Chris says:

    I hope that the vesting option is based on Jeter’s finishing in the MVP voting and not playing time. We all know that he’ll get the playing time as long as he’s on the roster.

  5. ultimate913 says:

    The reported deal would pay Jeter “in the neighborhood of $19MM annually” over three years, and there could be a fourth year that vests if Jeter meets certain “reachable parameters.

    While I am happy the Yankees resigned the captain, that is just still too much for him at this age, after a season like his 2010 season.

  6. CY says:

    Poor performance, aging body, below average defensively and should turn to DH position in certain point. He is a 10M player but ask for double price. Jeter sucks.

  7. Granderslam says:

    I just want this to get done already. I’m so sick of hearing about the Jeter saga. Now let’s move on and focus on other needs.

  8. Gary says:

    C’mon boys, get it done. Then the Yanks can concentrate on Lee.

  9. emac2 says:

    At least we all know for a fact that Jeter is about the money first and formost.

    • bob says:

      money he deserves

      • whozat says:

        Well, money he deserves, and then about that same amount again because He’s Derek Jeter, or something. Certainly not because the odds indicate that the contributions he’ll make to winning baseball games during the years covered by the contract will warrant the money, or because extra revenue created for the Yankees by his Jeterian nature justifies the extra expenditure, or even because he was somehow undercompensated during that last 10 years.

      • Jeter really didn’t deserve to get 19M because he’s clearly in decline (has a bounceback year in him) and it took a significant overpay to get him to stay. I bet Jeter would only get 9-10M if he decided to walk.

        • Xstar7 says:

          He got 19 mil a year because the Yankees caved. They didn’t want to drag this out any longer and Jeter seeing how Mariano went about his deal decided to accept something a little less than he originally wanted

      • JerseyDutch says:

        Uh, no.

    • Xstar7 says:

      At least he was until The God took a smaller contract offer from the Yankees than the Red Sox because he wants to play here regardless of the money.

    • OldYanksFan says:

      NOT TRUE!
      Not true at all!
      His ego is more important then money.
      He would probably actually play for $5m and retire after 2013, if the Yanks announced he was signed for 6 years $150m.

      It would be an interested thread if we posted everything that has been SAID about Jeter….
      And then things we actual KNOW he did.

      Ya know… like NOT moving off SS when the Yanks got a better one… and not moving down in the lineup when it was obvious he should… and not backing ARod when the press was all over him… and insisting he get paid double his worth this regotiation.

      But when that kid who was dying of Cancer visited the Yankees, the kid DID get to spend the night at the icon’s house…. that icon being ARod.

      With all of Mantle’s amazing accomplishments, when asked how he wanted to be remembered, it was as “A Great Teammate” (as opposed to I’M DEREK JETER DAMN IT!)

  10. The Almighty Binder says:

    Has anyone else lost just a little respect for DJ with these negotiations?

    • Xstar7 says:

      Only a little

    • whozat says:

      eh…I mean, my respect for him was never based on these notions of him being the last bastion of Playing The Game Right or anything.

    • bexarama says:


      • OldYanksFan says:

        That’s right…. and those other clowns…. Bernie, Posada, Andy and Mariano had NO CLASS WHATSOEVER, and did nothing to contribute to the Dynasty. It’s all about Jeter. PAY HIM ANYTHING HE WANTS!!!!!!!!!!!

    • Zack says:

      No, he was trying to get one last payday, 99.9% of athletes do that. Nothing about Jeter’s contract history told me he was going take a “hometown discount” or whatever, that was just narratives used by people for the last 15 years of how Jeter would play for free or whatever.

      And I have no problem with him trying to get a big contract. Yeah it was annoying, but that’s his right as a FA and most of us would have done the same.

    • Kit says:

      I haven’t. The circus has annoyed me, but I can’t say I didn’t see it coming. Haven’t lost respect for Jeter or the organization in the slightest.

  11. Big Bertha says:

    If I’ve lost any respect for anybody it’s Yankees ownership and management. Derek Jeter deserves every penny he can get for all he’s done for this organization. $19-20 million for 4 years is what Jeter wants and that’s what he deserves. I just can’t believe it took this long to work this out. This was no way to treat the Yankee captain.

    • whozat says:

      wait wait wait…the OVER TWO HUNDRED MILLION DOLLARS that Jeter already got was somehow not enough? Offering to pay him 50% more than his market value dictates wasn’t enough?? Offering him a year more than anyone else would WAS NOT ENOUGH???

    • Xstar7 says:

      That’s not what he originally wanted though. What he originally wanted which was around 4-5 at 23-24 mil a year which is ridiculous for any other player at Derek Jeter’s current level.

    • JerseyDutch says:

      You forgot the “throw him in the trash” part. I mean, if you’re going write the same damn comment in *every* thread concerning Jeter, at least get your narrative right, Bertha. C’mon!

  12. mike c says:

    this just in: due to massive public interest, jeter will be having a 1-hour primetime television event on YES to announce his decision on how much money he’s going to sign for
    /chill pill

  13. M-Three says:

    Not me. If anything these negotations showed how clueless Hal and Cashman can be and how Hank and Levine are still nothing but pieces of trash.

    First, Hal should have never started things off by saying this could get “messy” when he was on Mike’d Up. Then, when Cashman said for Jeter to test the market. He was basically try to embarass Jeter because everyone knew that no one would offer him as much as the Yankees.

    As far as Hank and Levine go, they should have just stayed out of this thing. Hank is embarassment to the Steinbrenner lagacy his father started everytime he opens his mouth and speaks. Where does he get off saying they don’t own a thing to Jeter or Mo? I am sorry boy, but without those 2, the Yankees don’t win 5 out of the last 15 world series. The same thing for Levine. It is an embarassment to have this piece of trash in the organization. Why does he even speak about these kind of subjects.

    The Yankees are the ones who made this messy negotation public. They should have keep this quite and in-house. What reason was there to it public and make Jeter look bad? He is the face of the franchise and is about to be the 1st Yankee to reach 3,000 hits. I didn’t care what the final contract numbers were but I just wanted them to keep this in-house and stop trying to turn Yankees fan agains Jeter. Besides we never heard from Jeter once during all this. Only talk from his side came from Casey Close, who also should have stayed quite.

    • mike c says:

      overpaying for homegrown all-time yankee first ballot HOFer’s is OK. the yankees always pay their guys, all they gotta do is stay away from the igawa’s of the world and they’ll always be able to sign the best players

      • JeffG says:

        Not sure why some of our fans feel so entitled to having the front office waste money… especially when it has the chance to come back and bit us in the ass in the form or not being able to add players. It bothers me to think that we are paying Jeter money that we could have paid a productive piece i.e. Joaquin Benoit 11:$5.5M, 12:$5.5M, 13:$5.5M (maybe a bad example but you get the point).

    • Zack says:

      We never heard from Jeter because it wasn’t in his best interest to talk. The public/media didn’t turn against him until they found out he wanted 100m+, and that’s when people started laughing at him.

    • JFH says:

      I loathe Levine and Hank. Hank should have learned to shut up by now. Levine strikes me as a rude SOB. Have you ever heard him say anything that was actually nice or not condescending?

    • nathan says:

      Hahaha, good comedic relief.

      Did you know how much he made over the last 15 years? You are talking like this is Evan Longoria who got taken to the cleaners with his contract. Jeez.

      And go easy with blaming the FO. No other FO would have dumped this many Millions on an aging rangeless slap hitting GIDP machine. If his name werent DJ you wouldnt want him on ur team much less making 20 Mill a year.

      And its not sacrilegeous to say he is not the same player anymore and needs to man up.

      • bexarama says:

        And its not sacrilegeous to say he is not the same player anymore and needs to man up.

        Quite frankly, while this is true, I really don’t think the sources should’ve gone to the media and said that. Not that they said anything that harsh, but c’mon.

    • Peedlum says:

      I believe you’ve got too many coats of varnish on that George’s legacy idea. George was a blowhard who got lucky that Gene Michael and Buck Showalter knew how to build a farm system while he was under suspension. Yes, he always spent the money. But he also was a despot who talked more stupidity than most anyone out there. Take the entire decade of the 1980′s, for example.

  14. Anthony Murillo says:

    People who believe the Yankees should have handed Derek Jeter a blank check make me lol.

    • M-Three says:

      I never wanted them to just hand Jeter a blank check, all I wanted is for the organization to show some class by keeping this in-house. There was no reason for any information to be leaked out until a deal got done.

  15. Andrew S. says:

    The first Yankee to hit 3000 reminds me: can/will Derek become the all-time hit king? Or at least top 5? Tris Speaker is #5 with 3514

    He’d basically have to play 7 more years with 200 hits/season… Rose played until he was 45, any chance of Jeter chasing this record?

    • awy says:

      i hope not.

    • bexarama says:

      can/will Derek become the all-time hit king? Or at least top 5? Tris Speaker is #5 with 3514

      heck no to the first part, and I don’t think he’ll reach the top five. IIRC by the time Rose broke the record, he was a player-manager putting himself in the lineup well past the time that he was all that productive.

    • CountZero says:

      No. Especially not if he remains a Yankee.

      To put it in perspective, the last seven seasons of Rose’s career (age 39-45) he managed to break the OPS+ 100 barrier once — and that was his age 41 season when he played in only 107 games. He averaged a respectable OBP of .354 over those seven years, but only 121 hits per season. His last 200+ hit season came at age 38.

      To have any realistic shot at Rose, I think Jeter would need to play at least eight more seasons and be more effective than I would expect he will be over those eight seasons. 8×167 hits per season = 1,336 + his current 2,926 = 4,262 > Rose’s 4,256. Even if you expect a bounceback and predict he can collect 200 hits each of the next two seasons, he would need to average 156 hits per season from age 39-44.

      I don’t know what the odds of that happening are, but I imagine they are less than 5%. And bear in mind that the Reds gave Rose 272 PAs (his last 56 hits) despite a phenomenally bad .219/.316/.270 triple slash as a 1B in 1986. Seems unlikely Yankee fans would ever put up with anything even approaching that, so he would have to do it somewhere else.

    • Dirty Pena says:

      If he stays healthy, he should be able to get into the top 5. If he gets 180 hits next year (he had 179 in 2010) then he’d be 408 hits away. Since he’s evidently planning on playing until 2014, I don’t see why he couldn’t average ~135 for those 3 years.

    • OldYanksFan says:

      Maybe if he is wearing a Pittsburg uniform.

  16. awy says:

    this negotiation was brought to you by the obama administration congressional action team.

  17. mbonzo says:

    Wow if the Yankees end up giving him basically 4/61 I will be really impressed with Cashman.

    • bexarama says:

      Not sure if serious.

      If they have an option, I can’t help but feel like they’ll pick it up. :/ But it’s definitely better than just giving him the 4th year. Definitely. And if it’s a sticking point, that’s absolutely fine.

      • mbonzo says:

        Haha yea I’m serious. I originally thought that 4/60 would be a decent deal knowing that Jeter would end up getting extra money. After seeing the reactions to 3/45 I thought we would be looking at at least $17-18m a year. 4/$61 is a damn good deal after all this hoopla.

      • MikeD says:

        Ten million for the fourth year? If his production has dropped substantially, they’ll convert it to a personal services contract, and save 40% in luxury tax. Think of it as a ten million buy out!

  18. YankeesJunkie says:

    Well if 3/51 with 1/10 option is close to the deal which the Yankees sign Jeter I will be quite impressed. Considering the market of free agents thus far in MLB, Jeter would only have to get 10-12 WAR throughout the first three years to be break even contract. While Jeter probably won’t get to that 10-12 WAR number over three years, but he had 2.5 WAR last year and if can bounce back there is no reason he can’t get 3 WAR next year.

  19. JeffG says:

    Is it really worth it to the Yankee brand to raise the offer? Wouldn’t it hurt Jeter more not to sign and play on a fair (best offer)contract? Would it cost the Yes network/tickets sales 15 mil to wait him out?

    …I’m not sure but I guess the idea of not having Jeter opening day would cost the team in angered fans (no matter how wrong they would be) turning away. Then again maybe not.

  20. OldYanksFan says:

    I don’t think the issue is how Jeter will hit in 2011 and even 2012. I think it’s a metter of his overall perfromance in 2013 and beyound, especially his defense. I don’t know how valuable a .775 OPS is, when 80 balls get by him for hits, that would have been outs by another SS. I wonder what that .775 OPS would look like if you subtracted 80 hits off of his triple slash numbers.

  21. NYYROC says:

    I hope some of the criteria for Jeter’s 4th year vesting option includes some defensive #s. It’s his D that is going to hurt the team as he ages. As someone previously wrote; 80+ GBs that he can’t get to that go for hits each year, ouch.

  22. bonestock94 says:

    Can options vest based on performance?

    • MikeD says:

      Options basically have to be tied to games and ABs. It can’t be triple-slash numbers.

      I can live with the vesting option if it’s only $10 million, but it would be better not to have it since it’s almost a lock that it will vest. Jeter is a very durable player and, as we know, will play reguarly through all kinds of injuries. The biggest issue I have is it could resrict Girardi’s ability to rest Jeter, since there’s now a financial incentive for Jeter to play. At Jeter’s age, it would be a good idea to reduce his yearly average games played from 155 to 145. Same thing if it’s tied to ABs, and the Yankees decide to move Jeter down in the order. It’ll make those types of moves more difficult.

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