Yankees make new offer to Jeter


Via Mark Feinsand, the Yankees have made a new offer to Derek Jeter, though the details of that new offer are still unknown. The other day we heard that the Yanks were prepared to off three years and $51M with a fourth year option that included a $6M buyout, replicating the average annual value of the captain’s last contract. Jack Curry hears that the talks aren’t “in the zone” just yet, and there’s still some more work to be done.

Barring some seriously unlikely behind-the-scenes stuff, the Yankees are bidding against themselves here. The improved offer is out of nothing but good faith given the utter lack of competition for Jeter, especially since the annual payout will exceed that of Troy Tulowitzki’s new contract. If Jeter’s camp isn’t happy with that, I don’t know what comes next. At some point they have to reciprocate.

Categories : Asides, Hot Stove League


  1. Griffey's Grotesquely Swollen Jaw says:

    I knew the Yankees would cave first. how disappointing but expected. I mean Jeter has almost no leverage. I guess we pay for the legacy.

    • JGS says:

      A+ on your handle, by the way

    • Guest says:

      Yeah, I think something like this might get the job done. If this doesn’t, maybe they kick the buyout up to 9 mill, which would guarantee Jetes 60 mil. That’s a whole lot. That’s way too much. But I don’t think the Yankees will lose any sleep over the extra three million if they have to do it. I seriously doubt it will require anymore than that. It’s a nice gesture for the Yanks to bid against themselves. I hope Derek appreciates it, signs the offer, and our long national (or at least local) nightmare will be over.

      Also, on the handle, I would describe “Homer at the Bat” as the:

      Best. Episode. Ever.
      –Comic Bookstore Guy

  2. Tony says:

    Are the yankees nuts. His best days are behind him. My next offer if I were the Yanks would be three years 40 million and tell him each week it goes down another 5 million.

  3. nathan says:

    This is where I wish we had Boston’s FO. They would not have even started at 15 per.

    Mike, you are being too kind to Jeter’s team.

    They should have started at 3/33 or something and then 3/45 would have been good.

    • Mister Delaware says:

      The same front office that has employed shitty SS after shitty SS.

      • nathan says:

        I am not talking about putting together a team (which they do very well by the way). I am talking about taking a hard stance and knowing when to let go the veterans and when to strong arm them.

        In both ARod’s and Jeter’s case Yanks have failed miserably.

        • Tom Swift says:

          A-Rod’s ridiculous contract is hurting them in negotiating with Jeter. And Jeter’s ridiculous contract will hurt them when Robbie or the next guy is a FA. I don’t like Boston’s approach. But for heaven’s sakes, why would you ever negotiate against yourself. 3/$45 MM was plenty fair and generous.

        • Chris says:

          I am talking about taking a hard stance and knowing when to let go the veterans and when to strong arm them.

          And for a grand total of $15M over 12 years they missed out on both Tex and A-Rod. I’m glad the Yankees don’t have a front office like that.

        • Mister Delaware says:

          Why? Its an uncapped sport; all that should matter is that the Yankees put out the best possible team. As bad as MLB shortstops are and as super bad as the available MLB shortstops are, Jeter is far and away our best option. If he gets $15MM or $17MM or $19MM, does it matter? You’d really rather Cashman took a hard line, like the Sox took with Martinez, and risk leaving a massive hole in the lineup? Martinez might not be worth $50MM over 4 years, but Martinez at 4 & $50MM is a better option for a rich team than Saltalamacchia and Varitek for $9MM less. Cashman recognizes he can overpay for a marginal win or two and does so when it behooves him and the franchise.

          • Sayid J. says:

            all that should matter is that the Yankees put out the best possible team

            Right… but overpaying for Jeter hinders the Yankees from putting out the best possible team.

            If he gets $15MM or $17MM or $19MM, does it matter?

            Yes, quite a bit. that extra $4 million is the difference between Matt Diaz on the bench and Greg Golson.

            Martinez might not be worth $50MM over 4 years, but Martinez at 4 & $50MM is a better option for a rich team than Saltalamacchia and Varitek for $9MM less.

            Not if the money they save from not saying Martinez can go to signing Werth or Crawford.
            You’d really rather Cashman took a hard line, like the Sox took with Martinez
            This is much different from Victor Martinez. Everyone knew that Martinez was going to get other offers whether or not the Sox wanted to retain him. Jeter will likely not get an offer better than what the Yankees have already offered.

      • Hughesus Christo says:

        I wonder ow high Boston’s payments to SSs ever got up to. Weren’t they paying Lugo and Renteria like 18million combined at one point?

        • Lugo finally came off the books at the end of this season. They were still paying his salary up until a few months ago.

          The Red Sox “knowing when to let go” absolutely backfired with Johnny Damon as well. Wishing the Yankees were more like the Red Sox in how they treat older players is a clear glass is greener case.

      • Jorge says:

        I wish I had Boston’s 27 championships. Oh, wait…

      • OldYanksFan says:

        I don’t think you should call Jeter ‘shitty’.

      • Poopy Pants says:

        But they’ve also won more world championships lately. You’re right, though, a SS is WAY more important than a WS win.

  4. Mr Moss says:

    Brian Cashman is the worst GM in the game, Again they bid against themselves

    Cashman needs to release a book.. 101 for dummie Gms

  5. Hughesus Christo says:

    Enjoying continued talks of Yankees’ overwhelming leverage

  6. Ed says:

    especially since the annual payout will exceed that of Troy Tulowitzki’s new contract.

    I don’t think that’s right.

    My math:
    Jeter offer – $51m/3 + $6m buyout = $57m/3 guaranteed = $19m/year
    Tulo extension – $119m/6 = $19.83m/year

    Looks like they’re landing in between Jeter’s old AAV ($18.9m) and Tulo’s extension.

  7. Evan says:

    Can’t they work out an incentive based contract that recognizes accomplishments but keeps the base salary lower. Money for 3,000 hits, 3,2500 hit, gold gloves, MVP top 10, that kind of thing. Seems you could load up on those to make up the difference.

    • JGS says:

      Can’t have stuff based on achievements other than PAs. They needed special permission to do it for A-rod.

      You can have escalators based on MVP voting, but odds are he won’t meet them, so why would he take them?

      • Section 203 says:

        Whoops — slow server here. Sorry for the repeat below JGS…

      • Evan says:

        Well if they got permission for A-Rod why not here? I know the collective bargaining agreement doesn’t allow achievements regularly but you can get for gold glove or silver slugger and the various MVP’s. Jeter was voted 3rd two years ago and his argument is last year was a fluke. So let him put his money where is mouth is and put in those incentives. Just a thought to close the gap and let both sides save face.

      • Ed says:

        A-Rod’s bonuses technically aren’t for reaching the home run milestones. They’re for doing promotional work for the team when it happens. He has requirements such as being required to supply the team with signed memorabilia and participating in advertising. And I believe they were only approved because they were deemed historically significant events.

        You might be able to pull off similar for 3,000 hits with Jeter, but realistically that’s the only one that stands a chance of being approved. Well, at least out of things Jeter would likely consider in a 3 year deal.

        And a 3,000 hit bonus would be pretty stupid. Jeter only needs 74 hits to reach that milestone, so if he doesn’t reach it in a 3 year contract, you’re looking at an absolute worst case scenario which I don’t think either side wants to think about.

        • JGS says:

          3500 hits maybe? That would require 191.3 over the next three years. He averaged 195.4 from 1996-2009, 198 if you pull out his injury-shortened 2003.

    • Section 203 says:

      Can’t give out bonuses for stats any more. Can only bonus for PAs.

      • JCK says:

        What was the rationale for that, do you know? You can’t give out bonuses for statistical milestones (within the player’s control), but can give out bonuses for awards voting (not in the player’s control) and plate appearances (only partially in the player’s control).

        What sort of union thought that was a good idea?

        • Ed says:

          What sort of union thought that was a good idea?

          One that decided guaranteed pay based on your past performance was better than variable pay based on your current performance.

          It’s a great move for the players.

  8. Jimmy McNulty says:

    The Jeter camp is being retarded here…I knew 3/45 wouldn’t get it done, but if 3/51 doesn’t. C’mon Jetes.

  9. GHOST says:

    Can’t see how anyone is really surprised when everyone just about suspected the yanks were likely to go up from their first offer to something around 3/51. Are they overpaying…Sure. But its not our money and frankly, this doesn’t effect any plans with Lee at all. This dollar amount was basically put aside once the season finished to specifically be allocated into Jeter. Yanks win, Jeter wins, and both sides avoid PR disaster. Yankee fans win!

    • steve s says:

      Thanks for speaking for the silent majority on this issue. After reading countless (and mostly hysterical to mindless) posts on this topic over the past 10 days or so you summed it up IMO precisely on point.

    • But its not our money


      • FIPster Doofus says:

        That doesn’t make it OK to overpay players. I knew this would happen, though, so whatever.

        • GHOST says:

          Since when don’t the Yankees overpay for players they want? This has been going on for almost a century.

          • FIPster Doofus says:

            The Yankees are overpaying badly here, and I’m assuming they know it. No other team in baseball would even come close to this offer for Jeter. Three years, $45 mill was more than enough, and now the Yankees have further upped the ante. I don’t fault them for it, given the situation of dealing with a legendary, beloved figure; it’s really unfortunate.

            • mike c says:

              fact: the yankees have the money to overpay badly and then some

              • FIPster Doofus says:

                Well, yeah, but it’s still far from ideal to do so.

              • Sayid J. says:

                But why overpay when you don’t have to?

                • brockdc says:

                  Exactly. 3/45 was far from a lowball, even though the Jeter camp and much of the MSM portrayed it as such.

                  And we keep hearing that the Yankees don’t have an unlimited budget, that Cashman wants to keep payroll south of 200 mil. If that’s the case, overbidding 5-7 mil/yr. for Jeter’s services going forward could and probably will influence roster decisions going forward. That just doesn’t strike me as business savvy.

    • mike c says:

      yeah they are now trying to call jeter a dick because “he was mean to a-rod.” weak-ass fans if you ask me. now get our guy to sign on the dotted line, and let’s shine like it’s 2009

  10. emac2 says:

    Wow – How much charity are the Yanks going to give this guy to save him from looking in the mirror?

    • whozat says:

      Wow – How much charity are the Yanks going to give this guy to save him from looking in the mirroravoid spending all winter getting killed in the press?


      Even though it’s absolutely true that 3/45 already has a hefty “cuz you’re Jeter” premium in it, reporters who want eyeballs don’t care and will willfully ignore that to manufacture a meme that gets attention. The only way to avoid more and more months of this nonsense is to get him signed. It is worth a few mil more a year to them to square this away sooner rather than later.

      • Sayid J. says:

        I don’t really think the Yankees should make poor business decisions with the goal of keeping the media off their backs.

  11. vinny-b says:

    how dumb.

  12. S says:

    I bet they are going to settle for around 18-20 with the 4th year option. I think Jeter wants to make at least more than Burnett thats how I’ve felt this entire time, especially considering how bad AJ was yet he still raked in 18 mil for a 5.26 era. Jeter was only bad by his standards offensively but was roughly average relative to others at his position.

  13. stuart a says:

    great so now the overpay goes from charity to absurdity.

    yep derek deserves $17 mill a year because after all they do not want to insult the ego maniac marcissist deusional shortstop.

    afterall arod got overpaid because the fat and stupid steinny was in charge at the time so where is jeters overpay gift.

    i am sure all the jeter groupies will not be saying how stupid the yanks are next june when he has hit into 12 double plays, with 3 homers nad hitting about 273…………

    • .273 is pretty good for an AL SS.

      Is he worth the 17 mil? no but its less than he earned last year.

    • GHOST says:

      “I am sure all the jeter groupies will not be saying how stupid the yanks are next june when he has hit into 12 double plays, with 3 homers nad hitting about 273…………”

      I hope you know pretty much all prophets historically have been way off with their predictions, but golfclap for you for taking the time to come up with that baseless argument.

  14. vinny-b says:

    yankees organization = Penny wise. Pound foolish.

  15. stuart a says:

    if jeter was avg at SS last year let’s pay him avg for the position how about $4 mill per year….

    I love the stupidity since burnett sucks and is extremely overpaid do the same for derek… shrewd shrewd.

  16. I really do not see the big deal, its only 2 a year for the next 3 and then 6 mil for the 2014 season. They didn’t increase years so I really can’t complain…

  17. Jerome S says:

    When all is said and done, who will go down as the better player- Tulo or Jeter? Jeter will probably be more iconic, unless the Rockies dynasty of 2013-2019 that I predicted manifests itself.

  18. Kiersten says:

    I mean…. this makes a ton of sense.


  19. Monteroisdinero says:

    So Jeter leads off? Bats second? Where can he do the least damage for $19M?

  20. mustang says:

    I would so enjoy watching Jeter live up to this contract and reading these same people kissing his ass afterwards. And if anyone can do it I believe Jeter can and I’m basing this on pure faith in the man so need for the statistic break down.

  21. Sal says:

    Glad to see the front office is coming around, the first 3 yr for $45M offer was embarrassing considering there are peers of Jeter’s in the room that aren’t worth what they make either. There are 9 first baseman with a better WAR then Teixeira, 8 3rd baseman better than Rodriguez, Sabathia doesn’t sit atop the leader board either all 3 are the highest paid at their respective positions. AJ Burnett 10 from the bottom @ $16.5M per. What were the Yanks gonna do with that $5M a yr they were gonna save on Jeter? Big RHB off the bench? Back up to Montero like Olivo? Corner utility player? The infield back-up for Jeter and Rodriguez? middle relief? The Loogy we desperately need? Maybe a better question is will Jeter’s money keep the Yankee from properly filling out the roster?

    • Monteroisdinero says:

      Will Jeter’s money keep the Yankees from properly filling the roster? Yes. I have stated so numerous times. No need to bore the gang.

  22. Big Bertha says:

    Good. The Yankees are finally coming to their senses about who they’re dealing with here. You don’t just dump a 5 time WS winner, career .300+ hitter, 1st ballot hall of famer in the trash. And this year he’ll be the first Yankee ever to reach 3,000 hits. You don’t lowball your captain. Jeter has been a true Yankee his entire career and the Yankees need to compensate him as such.

  23. OMG Bagels! says:

    I think that it’s absurd to up the offer unless it’s the compromise, final offer. I would be, we’ll go to this and then that’s it. DONE. To refuse this contract is insane of Jeter. It’s all pride bullshit. I don’t know why he’s doing it. He’s not looking so pretty here.

  24. Larry G says:

    Jetes needs to take a page out of the Mo book.

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