Yanks Sign Jeter to 3 year, $51 Million Deal

[Little Slide Rooter]

Yankees, Derek Jeter Finalize Contract

By Mike Axisa [December 4 at 4:45pm CST]

The Yankees and Derek Jeter have dotted the Is and crossed the Ts on a three-year deal, reports Jack Curry of the YES Network (via Twitter). Under the deal, Jeter will make $51MM across the first three seasons with a $8MM player option for the fourth year, Curry tweets. The shortstop can also earn $9MM in incentives for the fourth year but if he earns no incentives while picking up the option, he's guaranteed at least $56MM, says Curry (via Twitter). Curry adds adds that Jeter agreed to defer money, which helps the Yankees with their luxury tax situation going forward.

 

Talks between the two sides picked up earlier this week after a meeting in Tampa put an end to an impasse. The Yankees originally offered their captain a three year contract worth $45MM with no option, then encouraged him to test the market. Jeter was rumored to be seeking a five or six-year deal worth upwards of $25MM per season at one point.

 

Jeter, 36, is coming off his worst full season as a big leaguer. He hit just .270/.340/.370, career lows across the board. UZR didn't like his defense either, saying he was worth 4.7 runs below average in the field. At some point next season Jeter will pick up his 3,000th career hit (he's 74 away) and 1,700th run scored (15 away), a combination just eleven players in big league history have achieved.

 

 

All of the sudden Tejada for 1/6.5 looks like a damn good bargain.

[CubsWin]

The title of this thread might as well be Yanks Have More Money Than Everybody Else.

[Careless]

The title of this thread might as well be Yanks Have More Money Than Everybody Else.

But they usually don't bid against themselves in this extreme manner. Generally, when they spend a ton of money, it's on someone other people want

[UMFan83]

As bad as that contract is we still have an arguably worse player signed at that amount for 4 more years instead of 3.

[UMFan83]

The title of this thread might as well be Yanks Have More Money Than Everybody Else.

But they usually don't bid against themselves in this extreme manner. Generally, when they spend a ton of money, it's on someone other people want

 

Yeah but in this case they paid for his status as a New York legend. They wanted him to be a career Yankee. They have more money than everyone else so they can afford to pay $17 million to a guy who might not even be replacement level by the end of the deal. And they can handle doing that because they can afford top line talent at every other position to "hide" Jeter so to speak.

[erik316wttn]

It was a PR move more than anything else. They didn't want to face the public backlash from the fans for letting the face of the team walk over a few million.

[TruffleShuffle]

It was a PR move more than anything else. They didn't want to face the public backlash from the fans for letting the face of the team walk over a few million.

 

walk where? he wanted more than 3 years, $45 million. who was going to give him that?

[Wheelimus]

He should ask Pedro Martinez how well just waiting until someone offers to pay you what you want works out.

[jersey cubs fan]

It was a PR move more than anything else. They didn't want to face the public backlash from the fans for letting the face of the team walk over a few million.

 

walk where? he wanted more than 3 years, $45 million. who was going to give him that?

 

I do not understand it but Yankees fans were nearly unanimous in their "give him what he wants" stance against the Yankees and for Jeter. It's crazy. But NY probably felt it had to pay more than they wanted just to satisfy the fans. It's not like it negatively affects their budget.

[Soul]

Maybe no one would have paid that amount, but if the Yanks angered Jeter I could see him then turning around and signing somewhere else for less.

 

The point would be, he signed somewhere else. I don't think that was acceptable to the Yankees in this case.

 

Frankly if they wasted cash on a player who isn't really worth it, then that's good news to me.

[UMFan83]

Maybe no one would have paid that amount, but if the Yanks angered Jeter I could see him then turning around and signing somewhere else for less.

 

The point would be, he signed somewhere else. I don't think that was acceptable to the Yankees in this case.

 

Frankly if they wasted cash on a player who isn't really worth it, then that's good news to me.

 

You don't think it would have been all that bad if Jeter signed elsewhere?

 

I think if there was some way they could have avoided spending that much money on Jeter without the public backlast they might have.

[javy knows my name]

Maybe no one would have paid that amount, but if the Yanks angered Jeter I could see him then turning around and signing somewhere else for less.

 

The point would be, he signed somewhere else. I don't think that was acceptable to the Yankees in this case.

 

Frankly if they wasted cash on a player who isn't really worth it, then that's good news to me.

 

You don't think it would have been all that bad if Jeter signed elsewhere?

 

I think if there was some way they could have avoided spending that much money on Jeter without the public backlast they might have.

Hmm. You should re-read the post you quoted

[Wheelimus]

The only real danger of him signing elsewhere would be to a division rival. Then you have to deal with your fans being whiny little idiots a whole lot more times. And yet that wasn't even an issue. Tampa might have an opening, but wouldn't pay the money. And the Orioles, well, does anyone really care what the O's do?

 

Oh well though, always in favor of the Yankees wasting their money.

[jersey cubs fan]

The only real danger of him signing elsewhere would be to a division rival. Then you have to deal with your fans being whiny little idiots a whole lot more times. And yet that wasn't even an issue. Tampa might have an opening, but wouldn't pay the money. And the Orioles, well, does anyone really care what the O's do?

 

Oh well though, always in favor of the Yankees wasting their money.

 

I like STL wasting their money, since they have limited resources and a budget that can be affected by overspending and waste. The Yankees just seem to raise the price for everybody else and take a heck of a lot of supply off the market that the Cubs should be in on. The Cubs need an elite guy or two, since they can't seem to develop their own. But they have to settle for overpaying guys like Soriano instead of being in on the real superstars.

[davell]

I honestly don't think that if the Yankees had actually given Jeter 6/200, it would affect anything else they want to do. Must be nice.

[davearm2]

It was a PR move more than anything else. They didn't want to face the public backlash from the fans for letting the face of the team walk over a few million.

At this point Jeter needs the Yankees more than the Yankees need Jeter.

 

The Yankees are still going to be the Yankees long after Jeter leaves or retires.

 

Playing anywhere else, Jeter loses much of his mystique.

[TruffleShuffle]

Maybe no one would have paid that amount, but if the Yanks angered Jeter I could see him then turning around and signing somewhere else for less.

 

The point would be, he signed somewhere else. I don't think that was acceptable to the Yankees in this case.

 

really? you could see jeter saying "screw you yankees!" and turning down 3 years, $45 million to leave the place he's played his entire career and is beloved, and go play for less money in another city, which would make yankee fans pissed off at him. it's not like they'd blame the team when they were easily the highest bidder. leaving for less money than the yankees' initial offer is about the last thing i could see him doing.

[XZero771679666304]

It was a PR move more than anything else. They didn't want to face the public backlash from the fans for letting the face of the team walk over a few million.

At this point Jeter needs the Yankees more than the Yankees need Jeter.

 

The Yankees are still going to be the Yankees long after Jeter leaves or retires.

 

Playing anywhere else, Jeter loses much of his mystique.

 

Yeah. Jeter isn't worth half that contract. The only reason he got that much is because of Yankees' PR, and there's no way he'd have gotten near that much on the open market.

[SouthSideRyan]

Maybe no one would have paid that amount, but if the Yanks angered Jeter I could see him then turning around and signing somewhere else for less.

 

The point would be, he signed somewhere else. I don't think that was acceptable to the Yankees in this case.

which would make yankee fans pissed off at him. it's not like they'd blame the team when they were easily the highest bidder.

 

They most definitely would.

 

YOU CAN'T DISRESPECT JETA LIKE THAT

[Guest]

It's a basic feel good story for the Yankees and Jeter and fans of both. Let him retire a Yankee and don't haggle over the little bit of money that they would typically just wipe their butts with.

 

File this one under.... who cares?

[XZero771679666304]

I'm just amazed by Jeter's delusion. He was over paid for the duration of his last contract. Now he's not even nearly the player he was for most of that, and he was looking for more (apparently $20-22MM per)?

 

He had to be drunk on his own NY hype. He's lucky the Yanks paid him what they did, because it's a lot more than he's worth. The notion that he was disrespected in any way is just ridiculous.

[jersey cubs fan]

I'm just amazed by Jeter's delusion. He was over paid for the duration of his last contract. Now he's not even nearly the player he was for most of that, and he was looking for more (apparently $20-22MM per)?

 

He had to be drunk on his own NY hype. He's lucky the Yanks paid him what they did, because it's a lot more than he's worth. The notion that he was disrespected in any way is just ridiculous.

 

I'm not sure how delusional he was considering he still got paid. He knew, or at least his agent knew, that the Yankees were going to overpay. Why would he ask for less?

[XZero771679666304]

I'm just amazed by Jeter's delusion. He was over paid for the duration of his last contract. Now he's not even nearly the player he was for most of that, and he was looking for more (apparently $20-22MM per)?

 

He had to be drunk on his own NY hype. He's lucky the Yanks paid him what they did, because it's a lot more than he's worth. The notion that he was disrespected in any way is just ridiculous.

 

I'm not sure how delusional he was considering he still got paid. He knew, or at least his agent knew, that the Yankees were going to overpay. Why would he ask for less?

 

 

He didn't get paid what he was initially looking for, and apparently he's not entirely happy with his new contract. That's being a bit delusional.

[Post Count Padder]

Well, from the sound of it, he's biting his tongue at his press conference and is visibly unhappy with how everything went down.

[daske17]

Well, from the sound of it, he's biting his tongue at his press conference and is visibly unhappy with how everything went down.

 

Boo freaking hoo.

 

I can't feel sympathy for anyone who plays for the Yankees because they always seem to be paid more than they are worth.

 

Actually, when was the last time the Yanks signed anyone to a reasonable contract?