Dec 4, 2010, 5:52 PM EDT
UPDATE: Jack Curry of YES Network has the contract details. He reports that Jeter’s deal is worth $51 million guaranteed over three years. Interestingly, the deal includes a player option for a fourth year worth $8 million where he would have the chance to earn an additional $9 million in performance-based incentives.
And so, if Jeter exercises the player option, he will be guaranteed $56 million. The $51 million total mentioned above includes a $3 million buyout in the event that Jeter declines the option.
4:34 PM: We’re right back where we expected to be.
While negotiations went a little rockier than we originally thought they would, the Yankees have finally agreed to a new three-year contract with Derek Jeter, according to Jack Curry of YES Network. Jon Heyman of SI.com hears the same.
Jeter will make between $15-17 million per season and the fourth year option will not be guaranteed. The contract is pending a physical.
And so, the Yankees did give in a little bit from their original offer, but not by much. Good for them. I’m already waiting for a columnist to say that Jeter took a paycut before the winter meetings in order to help the team make room on the payroll for Cliff Lee and/or Carl Crawford. He’s a real team guy, don’t you know? Ah well, whatever it takes to keep his iconic status intact. Jeter is right back where he belongs and all the negative stuff we’ve read over the past couple of weeks will be forgotten by spring training. It was a fun ride, though.
- Mike Trout hit his 100th career home run to become the youngest member of the 100 HR/100 SB club 7
- Make that two: Alex Rodriguez hits second homer of the night, giving him 658 for his career 24
- Alex Rodriguez hit his 657th career home run 43
- Let’s all just stare at Kris Bryant’s numbers for a while 27
- And That Happened: Thursday’s scores and highlights 39
- The wait is over: The Cubs are calling up top prospect Kris Bryant on Friday 99
- Carlos Gomez headed to disabled list with hamstring injury 11
- The Commissioner’s Office thinks that the Angels could indeed go after Josh Hamilton under his contract 153
- The Commissioner’s Office thinks that the Angels could indeed go after Josh Hamilton under his contract (153)
- “Why Ted Cruz is like the Atlanta Braves” (150)
- “We no longer need the terrorists. We’re now so good at terrorizing ourselves.” (143)
- Another argument in favor of making the DH universal (127)
- When it comes to Josh Hamilton, Arte Moreno is a craven opportunist, not a “smart businessman” (116)