Yankees Close To Agreement With Derek Jeter

Derek Jeter and the Yankees could have a contract finalized by Saturday, according to Roger Rubin and Bill Madden of the New York Daily News.  The reported deal would pay Jeter "in the neighborhood of $19MM annually" over three years, and there could be a fourth year that vests if Jeter meets certain "reachable parameters."

The $19MM annual salary roughly matches the average salary earned by the Yankee captain over the span of the 10-year, $189MM pact he signed with New York before the 2001 season, if a mild step down from the $21MM he earned in 2010.  $19MM also happens to be about the midpoint between each side's demands — Jeter was reportedly looking for $23MM per season and the Bronx Bombers only offered a three-year, $45MM contract.

If Jeter signs by the weekend and Mariano Rivera's contract is soon finalized, the Yankees will reach their goal of having both franchise icons back in the fold before the start of the winter meetings on Monday.