• Yanks Reach A Deal With Jeter

    Posted by on November 1st, 2013 · Comments (11)

    Via MLB

    The Yankees have re-signed Derek Jeter to a one-year, $12 million deal, the club announced Friday.

    Jeter held a $9.5 million player option for 2014, the final installment of a deal he signed before the 2011 season that ended up paying him $51 million over three years. Instead, he and the club reached the new agreement.

    As someone noted over at BBTF, under the $9.5M player option, the average annual value of Jeter’s prior contract was $14.5 million – and that would have counted toward the luxury tax. By declining the option and signing for $12M, Jeter gets more money and the Yankees save $2.5M toward the luxury tax threshold.

    That’s pretty good money for a guy who cannot field and who will probably have an OPS+ under 100.

    And, I’m not knocking Jeter. The decline is due to his age and injury. Hey, it happens…

    Comments on Yanks Reach A Deal With Jeter

    1. redbug
      November 1st, 2013 | 5:32 pm

      Everyone counted him out in 2012, too.

      I realize he’s had a major injury and he’s old in baseball years. But, give him a chance to see if he can get healthy again. If so, he probably won’t have another 2012, but he may surprise you doubters.

    2. November 1st, 2013 | 6:31 pm

      I would be shocked.

      Again, no knock on Jete. He’s one of the best Yankees ever. But, if he could not come back last year, why should next year be any different, esp. since he is a year older?

    3. Corey
      November 1st, 2013 | 8:47 pm

      What’s the difference? They aren’t making the playoffs next year either (barring any trade or offseason splurge).

    4. November 1st, 2013 | 9:33 pm

      Ridiculous. This organization has completely lost its way. The 2014 motto should be “The Way We Were”.

    5. Corey
      November 2nd, 2013 | 10:14 am

      @ Joseph Maloney:
      Like I said, it really doesn’t matter. They aren’t making the playoffs without him (or with him), so why not let him keep playing? If he plays it gives fans something to come out to the ballpark and see.

    6. November 2nd, 2013 | 12:36 pm

      Corey wrote:

      @ Joseph Maloney:
      Like I said, it really doesn’t matter. They aren’t making the playoffs without him (or with him), so why not let him keep playing? If he plays it gives fans something to come out to the ballpark and see.

      I agree up to a point, but I want this organization to address its core product, the baseball team. Hope Week, a beautiful thing; buying a soccer team, fine, I have no issue; timeless whatever, legends and heroes, memories are great; restaurants, souvenir shops, whatever floats your boat. But can we now get back to the on the field product. The entire baseball organization needs to be shaken up. A new GM, a new minor league director, and a new head of scouting were musts and what do we get, a conditioning coach is let go. The team is now suffering from benign neglect, pure and simple.

    7. Mr. October
      November 2nd, 2013 | 1:42 pm

      Funny – this is what the New York Post reported:

      “However, [the Yankees] are not receiving any benefits toward getting under the $189 million luxury tax, which is their goal.

      Had Jeter picked up his option, his salary — for how luxury tax is computed — would have been $10.75 million for 2014. Now, it is $12.81 million. And since the Yankees are going to struggle to get under the cap, every dollar is going to count.”

      Other outlets are reporting the same thing.

      “Although it was previously reported that Jeter’s new contract would help the Yankees toward their 2014 goal of cutting salaries below the $189 million threshold, his new deal adds to payroll because of how the luxury tax is calculated.

      If Jeter had picked up his option, his luxury tax number for next season would have been in the $10 million range, according to sources with knowledge of the how the luxury tax works. With the new salary, it will be in the $12 million range.”

      Joseph Maloney wrote:

      Ridiculous. This organization has completely lost its way. The 2014 motto should be “The Way We Were”.

      The Yankees seem to be giving Jeter more money than he signed a contract to play for, and in the process, have limited themselves further in trying to get under the $189 million luxury tax threshold.

    8. Kamieniecki
      November 3rd, 2013 | 1:40 pm

      The real entertainment value with this franchise no longer comes from the product on the field – it now comes with watching people like Cashman masquerading as M.L.B. executives.

      I don’t know which will be more amusing to watch in the 2013-14 offseason: this organization finally admitting publicly that it can’t field a championship-caliber team with “only” a $189 mil. payroll after all of the personnel decisions made on that basis, and the talk, for the last two years…

      or…

      the team Cashman will actually put together trying to “following Boston’s blueprint” with the contracts of Sabathia, Teixeira, Rodriguez, and Jeter for one year, in place, and in need of a rotation.

      This is going to be a riot.

    9. Scout
      November 3rd, 2013 | 2:11 pm

      Press accounts say Hal Steinbrenner intervened to avoid what he feared would be a public relations disaster if Jeter had opted out and contract talks had become nasty. This tells you everything you need to know about how the Yankees do business. It isn’t about putting together a winning team or building an organization that can find and develop talent. Rather, the goal is to avoid what ownership sees as media embarrassment.

    10. November 3rd, 2013 | 2:22 pm

      Scout wrote:

      Press accounts say Hal Steinbrenner intervened to avoid what he feared would be a public relations disaster if Jeter had opted out and contract talks had become nasty. This tells you everything you need to know about how the Yankees do business. It isn’t about putting together a winning team or building an organization that can find and develop talent. Rather, the goal is to avoid what ownership sees as media embarrassment.

      Just wait until they’re 14 games out next June and on a pace to win 75 games for the season.

    11. November 5th, 2013 | 1:12 am

      Steve L. wrote:

      Scout wrote:
      Press accounts say Hal Steinbrenner intervened to avoid what he feared would be a public relations disaster if Jeter had opted out and contract talks had become nasty. This tells you everything you need to know about how the Yankees do business. It isn’t about putting together a winning team or building an organization that can find and develop talent. Rather, the goal is to avoid what ownership sees as media embarrassment.
      Just wait until they’re 14 games out next June and on a pace to win 75 games for the season.

      This explanation has a surreal quality to it. How out of touch is Hal anyway? Steve, you are correct you want to see a pr nightmare keep making moves like this. The team too old and tired to challenge for anything other than a .500 record.

    Leave a reply

    You must be logged in to post a comment.