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Quote of the Day: Derek Jeter is worth $10 million over two years

Oct 4, 2010, 4:30 PM EDT

So, how much is Derek Jeter worth as a free agent? A former general manager, speaking to Andrew Marchand of ESPN New York, opines thusly:

“Twelve million dollars over two years, maybe $10 million over two. But I think he’ll probably get a lot more than that . . . It is not a rational contract. He is Derek Jeter.”

The assumption in that quote is that he’d get more than that from the Yankees. And that’s true, because, well, they’re just going to pay him a lot and suck it up for a number of reasons.

But isn’t he worth more than $10-12 million over two years to other teams as well? I’m not saying what his production, in a vacuum, is worth. I mean, wouldn’t other teams pay him a premium over and above his objective value due to the mystique and aura and marketing and all of that too? I don’t think he’d go anywhere else, but I could easily see someone giving him twice that, just to have Derek Jeter in their uniform. Hoping, of course, that he returns to something approaching 2009 form, but willing to deal with it if he doesn’t.

  1. RichardInBigD - Oct 4, 2010 at 4:50 PM

    Well, even at $10 million for five years, I don’t want him in Arlington. He’s a Yankee, through and through. He wouldn’t fit in, here or anywhere else. And I honestly don’t think there’s enough left in the tank for him to be worth to anyone else even a fraction of what he’s worth to the Yankees. Besides, we’ve got Elvis!

  2. CSJ - Oct 4, 2010 at 4:56 PM

    If the GM was asked this question from the article, “If you put blinders to the mystique and aura, how much value is there for a 36-year-old free-agent shortstop who delivers a .270 average, 10 homers, 67 RBIs and solid but unspectacular defense?” it looks like he was trying to give a salary for his production in a vacuum and not what he would most likely get from any other team.

  3. 2cents - Oct 4, 2010 at 5:59 PM

    I think Derek Jeter in any other uniform will look like a has been. He’ll still play hard because that’s what he does. He’ll be a bobble-head side show on the manicured midway and I bet he knows it.

  4. ohandsixteenforever - Oct 4, 2010 at 8:15 PM

    If I’m running the Red Sox I think Jeter would be worth 20 million a year for 2 or 3 years. Production wise it’s not even close but financially he would give them a good return on that investment.

  5. John_Michael - Oct 4, 2010 at 10:09 PM

    Craig, who do the Yanks have in their system or who is a free agent this winter to play SS if Jeter does go somewhere else? The decision to offer a production based contract like the ~$5MM per or an honorary $15-20MM per year deal has to, at least to some degree, hinge on who Plan B is.

  6. John_Michael - Oct 4, 2010 at 10:19 PM

    Oh look, I found the Google.
    From http://mlbcontracts.blogspot.com/2001/05/potential-free-agents-for-2011.html
    * – player whose current contract includes 2011 option
    Shortstops
    Alex Gonzalez ATL
    Cristian Guzman TEX
    J.J. Hardy MIN
    Omar Infante ATL *
    Cesar Izturis BAL
    Derek Jeter NYY
    Julio Lugo BAL
    Jhonny Peralta DET *
    Edgar Renteria SF *
    Jose Reyes NYM *
    Jimmy Rollins PHI *
    Ramon Vazquez HOU
    And according to baseballamerica.com, the Yankees don’t have a SS among their top 10 EYPs.
    So given the luke warm SS FA market (and the entire free agent pool looks pretty weak actually), and the fact that the farm system is lacking in the Derek Jeter Replacement category, it appears that this declining icon will get another nice pay day.

  7. John_Michael - Oct 4, 2010 at 10:31 PM

    Also, did we ever figure out if Derek Jeter is a liar or a thief?

  8. D-Luxxx - Oct 4, 2010 at 11:17 PM

    Are you so sure about that “solid” rating?

  9. smokehouse - Oct 5, 2010 at 5:59 AM

    All of a sudden the Yanks are getting old. Very old. It’s all downhill from here.

  10. Don - Oct 5, 2010 at 7:14 AM

    That’s why that ex-general manager is an “ex” and not current. He probably had no clue what he was doing then either.

  11. Buffalo - Oct 5, 2010 at 9:36 AM

    Hey [smokehouse], go blow it up your ass!

  12. Lord Harry Latts - Oct 5, 2010 at 10:04 AM

    smokehouse…we’ll buy new, even more awesome players…we’re the Yankees !!!

  13. BC - Oct 5, 2010 at 10:51 AM

    He’ll probably get $25 mil over 3 years. I don’t see him playing any longer than that, and it will be a PR wreck for the Yankees to not have him retire in New York. I think he’d retire first. But is he worth that much based on numbers, no way.

  14. TheBuzzOnNY.com - Oct 5, 2010 at 11:26 AM

    Derek Jeter will get 4 years $100 million from the Yankees. He is not going anywhere.

  15. Pisano - Oct 5, 2010 at 6:39 PM

    You may be right , but he’s in rapid decline . This wasn’t just a slump , it’s the beginning of the end . any other would probably either cut him loose or give him a one year contract. His popularity in NY will get him a low ball contract of two years , and he’ll take it . Remember he struck out well over 100 times this year and his range has diminished considerably .

  16. Pisano - Oct 5, 2010 at 7:59 PM

    Someone needs to give you a urine test . If he gets that kind of contract George will rise from his grave and bring the Yankee brass back with him .

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