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.