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Yankees Rumors: Jeter, Rivera

The latest Yankees talk...

• Talks between the Yankees and Derek Jeter are "at a standstill until Jeter and his agent, Casey Close, 'drink the reality potion,'" a source close to the negotiations tells ESPN's Wallace Matthews.  The Yankees are stuck on three years and $45MM, while Jeter wants more years and $23-25MM annually.  Matthews says the Yankees are not budging from their offer, though SI's Jon Heyman expects them to up the money but not the years this week.
• The Yankees and Mariano Rivera, on the other hand, are progressing smoothly in their negotiations according to ESPN's Andrew Marchand.  Rivera could be bumped to $16-17MM per year, but it's unknown whether the Yankees will guarantee two years.
• Mike Axisa of River Ave. Blues estimates Phil Hughes' first-year arbitration reward in the $3.2-3.5MM range.

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