• 3-Year, $51 Million, For Jeter With Vesting Option On A 4th?

    Posted by on December 4th, 2010 · Comments (15)

    Via Sweeny Murti:

    I hear Yanks/Jeter talking about 3yr/$51 mil deal with vesting option for 4th year at $10 mil. Sides getting “very close.”

    $17 million a season? That’s not too bad for him – considering his last contract averaged $18.9 million a season.

    So, who’s the winner here, Jeter, or the Yankees, or both – or neither?

    Comments on 3-Year, $51 Million, For Jeter With Vesting Option On A 4th?

    1. December 4th, 2010 | 9:18 am

      Jeter is the loser here, but the media will spin him as the winner, and put all his greediness down the ol’ memory hole. You know, just the way they end up doing with any other not-so-glorious story about him (not attending Bob Sheppard’s funeral, avoiding New York taxes, pretending to be hit by a pitch.)

    2. December 4th, 2010 | 9:31 am

      lisaswan wrote:

      Jeter is the loser here

      How so? By getting basically the same pay, for three more years, at an advanced age, coming off his worst season, and having just about zero leverage in the contract talks? That’s a loser?

      Just sounds like you hate Jeter, so, he’s a loser.

    3. Corey Italiano
      December 4th, 2010 | 10:01 am

      I don’t think anyone loses here.

      Jeter wins cause he makes far more money than he’s truly worth at this point.

      Nothing really changes for the Yanks.

    4. December 4th, 2010 | 10:11 am

      @ Steve Lombardi:

      Excuse me? What is it you say about Yankee blinders all the time? Because I don’t think Jeter walks on water, I “hate” him? Please. I just think that, like pretty much very superstar, he thinks of himself first, last, and always, which is contrary to his pristine image.

      As for who won, Jeter made $22.6 million last year. Don’t know on what planet $17 million is “basically the same pay” as last year.

      Let’s review. Jeter initially asked for $25 million a year for six years, which he then knocked down to $23-24 million between four and five years. He’s ending up with a third of the overall money he first wanted, and half the years that he initially asked for, and you call that a “win”? Right. He’s now getting more money than A.J. Burnett is, which I’m sure is intentional on the Yankees’ part, but that’s about it.

      Compare and contrast with A-Rod’s 2007 negotiations, since that’s who Jeter wanted to be paid like. Scott Boras asked the Yanks for $350M over 10 years before A-Rod opted out. The Yankees countered with a five-year, $140 million extension. When Alex took over the negotiations, he asked for $300 million. He ended up getting $275 million, plus $30 million in milestone incentives. Now THAT is a win!

    5. bags
      December 4th, 2010 | 10:31 am

      I agree with Lisa here (as usual) but also feel that the win/lose question has less to do with money and more to do with perception. I think Jeter’s reputation as a selfless player has taken a real hit. And all for the sake of about $6 million.

      Jeter’s reputation is by far his most valuable asset. It has insulated him from a lot of criticism over the years. I think the floodgates are now open. Doesn’t seem like a win for him given the size of the financial delta. Look at how far LeBron James has fallen. And Tiger Woods. Unthinkable a year ago. I’m not suggesting this is a fiasco of those proportions. But I suspect that the media will treat Jeter differently going forward.

    6. 77yankees
      December 4th, 2010 | 10:48 am

      @ bags:

      If the media can try to tear somebody down, they will. Remember how Cal Ripken Jr. was criticized towards the latter half of his career whether “The Streak” was hurting the Orioles, or when he was at odds with Davey Johnson over moving to 3B.

      Or remember MJ with “The Jordan Rules” and the baseball fiasco…..and wasn’t there a QB who used to play in Green Bay who was a media darling up until a few years ago???

      Whether it’s deserved or not – the sharks with laptops are always circling in the water if they smell blood.

    7. Raf
      December 4th, 2010 | 11:32 am

      Corey Italiano wrote:

      I don’t think anyone loses here.
      Jeter wins cause he makes far more money than he’s truly worth at this point.
      Nothing really changes for the Yanks.

      Yep, everyone wins.

    8. redbug
      December 4th, 2010 | 11:53 am

      Assuming we really are seeing the end of the negotiations…

      I think the Yanks win because they’ll finally shut-up and stop whinning about what for them amounts to pocket change to keep a fan favorite, a legend, for the rest of his career. We all knew it’d end up w/ a signed contract. It’s a real shame the nastiness was so public.

      Derek Jeter wins because, while he’s taking a pay cut, the deal is a good one, befitting all he has done and will do for the Yankees. Both on and off the field.

      Most of all, we fans of Derek Jeter win because we don’t have to hear the nastiness any more and we get to see a favorite on the field for the rest of his career.

    9. Evan3457
      December 4th, 2010 | 12:28 pm

      I’m happy Jeter will be back next season.

      I’m happy it appears the Yanks didn’t have to move much off their original offer.

      Having said that, this contract could still be a lead anchor. Maybe as early as this year. We’ll see.

    10. December 4th, 2010 | 12:50 pm

      Jeter is the winner here. The Yankees will be paying more than twice what he was worth. We can only hope last year was an off year and not the beginning of the end. If his range declines and his offensive game goes south a lot of those cheers from the fans are going to turn to boos, and then we will see how much of an icon he is.

    11. YankCrank
      December 4th, 2010 | 1:38 pm

      I’d say both are winners here. Jeter makes more money than he’s worth, and the Yankees didn’t get ridiculous with the contract. When it comes down to it, both sides sat at the table and compromised. Yanks paid more than they wanted, Jeter received less than he wanted…both sides met in the middle and won.

    12. YankCrank
      December 4th, 2010 | 1:39 pm

      To add to that, i’m just happy it’s over. Now Cashman can focus on Lee at the meetings.

    13. Scout
      December 4th, 2010 | 3:59 pm

      Any contract over two years for an aging shortstop with declining hitting skills and poor range is likely to end up a bad deal for the team, one that will compromise its ability to put the best team on the field from year three onward. This looks as though it will be effectively a four-year deal. That makes the team the loser. That the team ended up giving the player more years and more dollars than necessary in the current market just makes it worse. By year three, we’ll be counting the days until the contract ends and wondering how Jeter can be eased into a subordinate or part-time role, like Posada now.

    14. Evan3457
      December 4th, 2010 | 4:27 pm

      Scout wrote:

      Any contract over two years for an aging shortstop with declining hitting skills and poor range is likely to end up a bad deal for the team, one that will compromise its ability to put the best team on the field from year three onward. This looks as though it will be effectively a four-year deal. That makes the team the loser. That the team ended up giving the player more years and more dollars than necessary in the current market just makes it worse. By year three, we’ll be counting the days until the contract ends and wondering how Jeter can be eased into a subordinate or part-time role, like Posada now.

      Yeah.

    15. butchie22
      December 4th, 2010 | 4:37 pm

      lisaswan wrote:

      Jeter is the loser here, but the media will spin him as the winner, and put all his greediness down the ol’ memory hole. You know, just the way they end up doing with any other not-so-glorious story about him (not attending Bob Sheppard’s funeral, avoiding New York taxes, pretending to be hit by a pitch.)

      Raf wrote:

      Corey Italiano wrote:I don’t think anyone loses here.
      Jeter wins cause he makes far more money than he’s truly worth at this point.
      Nothing really changes for the Yanks. Yep, everyone wins.

      Raf, even though I didn’t like what was coming out of Yankee INC’s mouths during this time, I believe that in the long term this will be a win-win. Memories can be short in the sports world.

      YankCrank wrote:

      I’d say both are winners here. Jeter makes more money than he’s worth, and the Yankees didn’t get ridiculous with the contract. When it comes down to it, both sides sat at the table and compromised. Yanks paid more than they wanted, Jeter received less than he wanted…both sides met in the middle and won.

      Well said. As harsh as I was about the Yankee brain trust,both sides finally came to an agreement.

      Scout wrote:

      Any contract over two years for an aging shortstop with declining hitting skills and poor range is likely to end up a bad deal for the team, one that will compromise its ability to put the best team on the field from year three onward. This looks as though it will be effectively a four-year deal. That makes the team the loser. That the team ended up giving the player more years and more dollars than necessary in the current market just makes it worse. By year three, we’ll be counting the days until the contract ends and wondering how Jeter can be eased into a subordinate or part-time role, like Posada now.

      Scout, I hear ya BUT he’s the face of their franchise. as much as we rail on about his age,his stats etc so on, the team realizes his value to a certain degree otherwise they would have just let him go. Then again, Yankees Inc acted rather strangely with their statements about the situation.
      redbug wrote:

      Assuming we really are seeing the end of the negotiations…I think the Yanks win because they’ll finally shut-up and stop whinning about what for them amounts to pocket change to keep a fan favorite, a legend, for the rest of his career. We all knew it’d end up w/ a signed contract. It’s a real shame the nastiness was so public.Derek Jeter wins because, while he’s taking a pay cut, the deal is a good one, befitting all he has done and will do for the Yankees. Both on and off the field.Most of all, we fans of Derek Jeter win because we don’t have to hear the nastiness any more and we get to see a favorite on the field for the rest of his career.

      RB, very well said,mate. As ill advised as some of the Yankees Inc statements were about Jeter,now that he’s signed I think that most people will let it go. Golden Boy is back on the team and as Yankee Crankee had said now they can concern themselves with Cliff Lee…..

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