Dec 4, 2010, 2:55 PM EDT
UPDATE: We’re still hearing it’s a three-year deal worth between $15-17 million per season, but here’s a little more on the fourth year.
A source tells Marc Carig of the Newark Star-Ledger that the fourth year will include a combination of guaranteed money and compensation that will also be tied to incentives. Described as “very unusual” by the source, the two sides are still “tweaking” the structure of the fourth year, which appears to be the final hurdle before this one becomes official.
Carig writes that negotiations could be completed as soon as tonight, but that an official announcement may not come until next week’s winter meetings.
11:32 AM: Jack Curry of YES Network reports that both Derek Jeter and Mariano Rivera have agreed to defer money as part of their new contracts.
10:25 AM: Jon Heyman of SI.com hears that Jeter’s new contract is “for around” $16 million per season and may be finalized by as soon as today. He adds that “final hurdles” will determine how the fourth year will be treated. Meanwhile, Ken Rosenthal of FOXSports.com writes that it will be a three-year deal worth between $15-17 million per season. Interestingly, he hears that a fourth year will not be guaranteed, nor will it be a vesting option, however it will be something called a “creative, hybrid solution.” Stay tuned.
8:37 AM: While most of us were sleeping, Sweeny Murti of WFAN.com tweeted that Derek Jeter and the Yankees were talking about a three-year contract worth $51 million (less than last night’s reported numbers) which would include an option for a fourth year valued at $10 million. He reports that the two sides are getting “very close.” I imagine it was the Rod Barajas contract that gave Jeter the leverage he needed.
In any case, it sounds like an agreement could be reached at any moment, so stay tuned for the latest.
Friday, 11:25 PM: It’s almost over.
Roger Rubin and Bill Madden of the New York Daily News report that the Yankees could reach a deal with Derek Jeter by as early as tonight or Saturday.
No surprise, both sides compromised from their initial demands. According to the report, Jeter would make somewhere “in the neighborhood” of $19 million annually over three years and the contract could include a vesting option for a fourth year with “reachable parameters.” Gee, it’s almost like this whole thing has been scripted.
Sweeney Murti of WFAN.com hears similar contract details and adds that the Yankees are “working into the night” to get a contract done. It sounds like they want to get Jeter and Mariano Rivera out of the way before the winter meetings begin next week.
- REPORT: The Astros to name A.J. Hinch their new manager today 15
- Twins fire manager Ron Gardenhire 33
- Pouliot’s 2014 American League awards picks 15
- Previewing the 2014 Playoffs 79
- And That Happened: Sunday’s scores and highlights 83
- Reds beat Pirates behind Johnny Cueto, hand National League Central title to St. Louis 20
- Video: Steven Souza Jr. makes sensational catch to secure Jordan Zimmermann’s no-no 24
- David Price dominates Twins as Tigers win AL Central 30
- Hunter Pence dropped a bunch of F-bombs in his postgame speech. Good. (116)
- Derek Jeter’s final game in Yankee Stadium could be cancelled because of rain (85)
- And That Happened: Sunday’s scores and highlights (84)
- Previewing the 2014 Playoffs (79)
- Bud Selig says A-Rod will “have a clean slate” once his suspension is over (78)