• New Report: Jeter Wants 4-5 Years & $23-24 Million A Year

    Posted by on November 27th, 2010 · Comments (9)

    Via Michael S. Schmidt

    Derek Jeter’s agent, Casey Close, is currently asking the Yankees to agree to a new contract of either four or five years at $23 to $24 million a year, according to a person in baseball who had been briefed on the matter.

    The disclosure of what Close is seeking on behalf of Jeter, the 36-year-old Yankee captain and icon, comes just days after it was revealed that the Yankees are offering Jeter a three-year contract for $15 million a year.

    That leaves a substantial gap between the sides in a contract standoff that has taken on a surprisingly tough edge and has left many Yankee fans confused and dismayed.

    The person familiar with the bargaining, said the Yankees and Close have been frozen at their offers for the last week and that in recent days there had been little, if any, negotiating.

    The person spoke on the condition of anonymity because he did not want to jeopardize his access to sensitive information.

    Still, the current offers — three years at $15 million a year by the Yankees and a maximum five years at $23 to $24 million by Close — suggest an obvious compromise in which the two sides would settle at four years and, say, $19 million a year.

    If they did agree on those numbers, it would actually represent a small, but symbolic, annual increase over Jeter’s last contract, which, at the behest of George Steinbrenner, was designed to average a sliver below $19 million a year.

    A deal that paid $19 million a year would also allow Jeter to rationalize that he was not taking a pay cut, a point that was emphasized on Friday by one National League executive who has been watching the Jeter situation with interest. That executive said that established stars like Jeter typically found it difficult to take any kind of reduction of pay, even when they have already made enormous amounts of money.

    Well, that’s not as bad as the other report that suggested Jeter wanted $150 million over six years. And, if the Yankees offered Jeter four years at $19 million per, I would say that they’ve done everything that was reasonable – and, if Derek walks from that, then Jeter is the “bad guy” here. But, of course, the Yankees have yet to offer anything, reportedly, beyond three years and $45 million.

    I wonder if A-Rod, at some point, will offer any opinion on this? Remember, back in the day, when Jeter reportedly would not tell the fans not to “boo” A-Rod…how many in Yankeeland were down on Jeter for not having his teammate’s back? Well, if the fans, during this process, turn on Derek, will Alex throw his two cents into it? You know that Posada, Pettitte and Rivera will have something to say. And, if some others don’t, I doubt it anyone will blame them. Will that extend to A-Rod too? And, was that only a one-way street back when Jeter didn’t ask the fans to support Rodriguez?

    Comments on New Report: Jeter Wants 4-5 Years & $23-24 Million A Year

    1. Raf
      November 27th, 2010 | 10:58 am

      I don’t see why Rodriguez’s opinion would be solicited. I think the expectations of Jeter in 2006 was that he should’ve said something because he was the captain.

      At any rate, I doubt he says anything; chances are it would be spun against him no matter which side of the fence he lands.

    2. Evan3457
      November 27th, 2010 | 11:36 am

      If I were A-Rod, I’d keep out of it at all costs.

      What I find interesting here is that, if I remember correctly, you think the last contract they gave Posada was a mistake, a panic move by Cashman, but you think it’s “everything that’s reasonable” to essentially repeat that mistake for Jeter, and at nearly $6 million more per season. I could be remembering incorrectly.

      It’s true that catcher is a much more physically demanding position than shortstop. However, Jeter is one year older now than Jorge was then, and Jorge was coming off the best year in his career, and had had 8 straight good years, and the Mets were reportedly looking into signing him. There is no apparent competition for Jeter at this moment.

      Jorge had all the hammers, and used them to get the contract he wanted (the 4th year) from the Yanks. The only hammers Jeter has, and they’re mighty small ones, is that the Yanks probably don’t really want to go with Nunez at shortstop, there isn’t really a good youngish shortstop on the market (JJ Hardy is probably the most valuable one, and the Yanks would have to trade for him.), and his history with the team and fan loyalty to him.

      Until Jeter gets a real offer from another team that’s above or at least near the Yanks current offer, the Yanks won’t budge. It’s the Damon negotiations all over again. This could go on until at least February.

      If it were me, I might go as high as $50 million for 3 years, just to show a public face of a little movement and compromise, with a team option for a fourth year. But I wouldn’t do that until Christmastime.

      And that’s it.

    3. November 27th, 2010 | 11:40 am

      If the pay cut issue is the problem then the Yankees should offer 20 million a year for two years. We’re not even sure he will be able to play short a year from now let alone four years from now.

    4. November 27th, 2010 | 12:43 pm

      You seemed to forgotten how Derek Jeter told the fans to stop booing Chuck Knoblauch. And Jason Giambi. But when it came to A-Rod, the captain wouldn’t do a thing, even though it hurt the team. A real leader would do what’s best for the team, and not his own ego. The same way somebody who was supposedly all about the pinstripes would be happy with the Yankees offer, instead of demanding to make more per year than he ever did in his prime.

      Of course, you would turn this into an A-Rod battle. As if the Yankees are going to give in to overpaying Jeter because somebody else they overpaid speaks up for him. How does that make any sense? And how is this any way omparable to the way Jeter repeatedly turned his back on A-Rod? Given Jeter more money doesn’t make the team better, but it will feed his ego and his bank account.

    5. November 27th, 2010 | 12:46 pm

      By the way, given Jeter’s history of cuts people off at the pass at the first sign of what’s euphemistially described as “negativity” — which apparently means not thinking he walks on water, Jeter would be the last person to judge if somebody else held a grudge against him.

    6. Scout
      November 27th, 2010 | 12:51 pm

      The “compromise” that media types advocate is utterly absurd. The Yankees’ initial offer was too high, far above Jeter’s on-the-field or market value. There is no reason to increase the initial team offer, certainly not for the sake of seeming “reasonable” or “flexible.” Jeter’s demands have been excessive from the outset of the negotiations, not anchored in reality, and the Yankees would better serve the long-term interests of the team and its prospects for winning by holdign the line.

      As for what other players will say, that, too, is meaningless in the negotiating process. Naturally, they want Jeter to be paid very well and for a long time, because that sets a benchmark against which they can pursue their own contracts down the road. The MLPA often pressures players to take the richest deal they are offered, whether or not that meets their individual best-interests.

    7. November 27th, 2010 | 1:02 pm

      @ Scout: Yeah, it sounds like the Jeter/Close people fed these new figures into the media and told them the “compromise” idea right away, so that people focus on that, rather than at the still-outrageous figures he’s asking for.

      It’s like offering to give a friend $25 to wash your car, even though their work is really worth, say, $15. Then the friend wants to negotiate that they’ll do the job for $75, finally suggesting a compromise. But $50 for a $15 job isn’t a good deal, no matter how many intangibles the friend brings to the job.

    8. Evan3457
      November 27th, 2010 | 1:47 pm

      Scout wrote:

      The “compromise” that media types advocate is utterly absurd. The Yankees’ initial offer was too high, far above Jeter’s on-the-field or market value. There is no reason to increase the initial team offer, certainly not for the sake of seeming “reasonable” or “flexible.”

      I wonder if Cashman will start cutting the offer after Pettitte, Mo and Lee are signed, because there isn’t enough money under Hal’s payroll cap, as they did when the Damon negotiations dragged on and on last off-season…

      Now, THAT would be interesting.

    9. K-V-C
      November 27th, 2010 | 6:42 pm

      The Yankees shouldn’t raise their offer until Jeter can get another team to offer him more. I hope the stay the course they have set!

    Leave a reply

    You must be logged in to post a comment.