Jeter & Yankees Are Far Apart

7:39pm: Michael S. Schmidt of The New York Times reports that Jeter is seeking a four- or five-year deal worth $23-24MM annually according to "a person in baseball who had been briefed on the matter."

3:24pm: Close tells Yahoo's Tim Brown that the Daily News report is off base (Twitter link). "The recently rumored terms of our contract extension are simply inaccurate," Close said.

10:12am: Jeter is asking for less than $150MM over six years, according to Jim Baumbach of Newsday (on Twitter).

8:06am: Derek Jeter’s representatives are asking for at least $80MM more than the Yankees are willing to offer in negotiations for the free agent shortstop, according to Bill Madden of the New York Daily News. The starting point for Jeter and agent Casey Close was six years and $150MM, according to Madden, who reports that the Jeter camp is not budging from demands for a $25MM annual salary. Alex Rodriguez’s contract “is at the crux of Jeter’s and Close’s stance,” according to Madden.

The Yankees have offered Jeter multiple deals, including one that would pay the 36-year-old $45MM over the course of the next three seasons. Close suggested that the Yankees' tactics are "baffling," so Yankees GM Brian Cashman encouraged Jeter and his agent to test the free agent market in search of a more generous deal.

Joel Sherman of the New York Post proposes that the Yankees could sign Jeter to a six-year $75MM deal that could become more lucrative if Jeter reaches incentives based on plate appearances. The suggested deal would pay Jeter $20MM per season from 2011-13 and shield the Yankees from the luxury tax.

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