Yankees Re-Sign Derek Jeter

The Yankees officially re-signed shortstop Derek Jeter to a deal worth a guaranteed $56MM, if he exercises a fourth-year player option.  A press conference is scheduled for this afternoon.

Under the deal, Jeter will make $51MM across the first three seasons with a $8MM player option for the fourth year, Jack Curry tweets.  The shortstop can also earn $9MM in incentives for the fourth year but if he earns no incentives while picking up the option, he's guaranteed at least $56MM, says Curry (via Twitter). SI.com's Jon Heyman explains in a pair of tweets that the incentives are based on finishes in the MVP, Silver Slugger, and Gold Glove voting. Curry adds adds that Jeter agreed to defer money, which helps the Yankees with their luxury tax situation going forward.

Talks between the two sides picked up after a meeting in Tampa put an end to an impasse. The Yankees originally offered their captain a three year contract worth $45MM with no option, then encouraged him to test the market. Jeter was rumored to be seeking a five or six-year deal worth upwards of $25MM per season at one point. 

Jeter, 36, is coming off his worst full season as a big leaguer. He hit just .270/.340/.370, career lows across the board. UZR didn't like his defense either, saying he was worth 4.7 runs below average in the field. At some point next season Jeter will pick up his 3,000th career hit (he's 74 away) and 1,700th run scored (15 away), a combination just eleven players in big league history have achieved.

The agreement was first reported by George A. King III of The New York Post, with Jack Curry of YES adding details.


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150 Comments on "Yankees Re-Sign Derek Jeter"


Gumby65
4 years 8 months ago

Oh The Drama. It ends, Thank You.

4 years 8 months ago

Good Job, Derek. You became the better man taking a 15-17m deal. Thank GOD this is over.

4 years 8 months ago

LOL, the better man? You make it seem like he’s the one that did the team a favor to get a deal done.

The Yankees offered him a contract that paid him more than other SS in the entire league at the age of 36 (offer before Tulowitzki’s contract).

Jeter isn’t the better man, he’s a man that came to his senses.

4 years 8 months ago

I think wes was being sarcastic.

4 years 8 months ago

and in other news the sky is still up and the ground is still down.

safari_punch
4 years 8 months ago

Lies!

icedrake523
4 years 8 months ago

Not when you’re bungee jumping.

qbass187
4 years 8 months ago

OH MY GOD! Who ever saw this coming????

BravesRed
4 years 8 months ago

So, the fourth year is a “vesting option in disguise”?

CitizenSnips
4 years 8 months ago

Haha seriously.

“…because it can neither vest nor is a club option. It is linked to what happens during the first three years of the contract. ”

Isn’t that pretty much a vesting option?

wwy
4 years 8 months ago

I had the same thought. It’s like saying, “The deal will pay him $1M upon signing the contract, but it is not a signing bonus.” But then I read the original article that Mike Axisa linked to, and it’s clearly the source of the vagueness. I just can’t figure out what would make this anything other than a vesting option since it is supposedly based on something in Jeter’s performance.

Dave_Gershman
4 years 8 months ago

$$$$$$$$$$$$$$$$$$$$

grownice
4 years 8 months ago

way to play hardball jeter lol

asovermann
4 years 8 months ago

oh no how will they ever be able to sign pettite, lee, crawford/werth now?

4 years 8 months ago

Hopefully the AGon trade will motivate them to get Lee and Crawford.

Yankeefan4life
4 years 8 months ago

Finally!

jimcrikket
4 years 8 months ago

Our long National nightmare is finally over

jt24
4 years 8 months ago

Im pretty sure only new yorkers thought of this as a national nightmare…

but your’e being sarcastic arent you? Bummer now im THAT guy that thinks someone was serious :(

Emanny
4 years 8 months ago

Yes, as a New Yorker I couldn’t careless about Jeter or the Yankees.

Guest
4 years 8 months ago

and as a michigander i felt it was a nightmare. i think jimcrikket got it a little backwards

4 years 8 months ago

Good for both sides. They need each other and Derek’s contract situation can’t be looked at in terms of sheer talent and numbers. But I’m just glad he came back down to earth. Even as a Sox fan, it would bother me to see Jeter in any other Jersey. He deserves to finish his career a Yankee.

basemonkey
4 years 8 months ago

Let’s pray Jeter learns to live with less. It humbles you to bring down your standard of living to only a 17M/YR.

Yankeeboy11
4 years 8 months ago

about time this got done. Anyone think the Yankees are ganna go hard to get werth or crawford cause the Sox got Agon?

4 years 8 months ago

No clear need in the OF. They are surely going to make sure they get Lee though.

Yankeeboy11
4 years 8 months ago

I know that but you know how rumors are ganna start cause the Sox got Agon the Yanks are ganna try and get a slugger along with lee and all.

YanksFanSince78
4 years 8 months ago

Yeah because of you Yankeeboy11. Haha. Crawford is a luxury. Lets get Lee.

wickedkevin
4 years 8 months ago

I finally agree with you. If the Yankees don’t get Lee and instead get Crawford/Werth, I would be a very unhappy fan.

Emanny
4 years 8 months ago

Typical Yankee fan.

wickedkevin
4 years 8 months ago

(as I am wearing my Red Sox shirt) Touche.

wickedkevin
4 years 8 months ago

This is how I believe it turns out:

Yanks want Lee and need Lee more than anyone else. If they get Lee, they don’t go for any other major FA (except bullpen arms)
If they don’t get Lee, they sign Werth or Crawford and then trade extra OF (and maybe more) for a SP.

Dudeitsian
4 years 8 months ago

They need Lee more than anyone else. What?! Jesus, the ignorance of some yankee fans.

wickedkevin
4 years 8 months ago

Yeah, I am a Red Sox fan. And it’s sorta just common knowledge. They have major question marks at pitching. And really, they only have 3 signed major league startes (one being AJ Burnett).

Dudeitsian
4 years 8 months ago

Ok so, The rangers don’t need him? Look at their projected rotation without Lee. So you are saying they need Lee the most because they don’t have a number 5 starter? Get a number 5! You don’t need a 20 game winner in the 5 slot. They don’t ‘need’ pitching. They already spent money on it.

wickedkevin
4 years 8 months ago

The Yankees are in a much tougher division and have more question marks in total pitching including the bullpen. A pitcher like Lee requires less bullpen use. I prefer the Yankees don’t get him (I want him on the Nats), but I think they need him the most. The Yankees, as of right now, only have two reliable pitchers in their 2011 rotation. CC and Hughes.

Dudeitsian
4 years 8 months ago

They don’t though. They really don’t need another ace being payed 20 million. This is truly what is wrong with the sport. The Yankees look at all the Type A free agents year after year and then pick out the best players. They then, giving them 20 million dollars. Once they get old, they “rebuild”, meaning they call up one or two prospects then sign younger type A’s. I am sure the yankkes could either trade for pitching or use internal options.

wickedkevin
4 years 8 months ago

Okay, so after CC and Hughes they have an unreliable Aj and then….? Maybe Nova? Maybe Petite? If Petite comes back they don’t need Lee. But I say, as of RIGHT NOW, they do. Who else will they use? Joba? Sign Povano?

Greinke is the best player on the trading block for pitchers. The Yankees are on his no-trade list, it is widely believed he does not want to pitch there.

Dudeitsian
4 years 8 months ago

Why not? Other teams have to do it? Do I hear Cj Wilson?

wickedkevin
4 years 8 months ago

Yeah, the Yankees will use Nova most likely. But let’s compare the Yankees divisional competition during the regular season to the Rangers.

Yankees: Red Sox, Rays, and an improved Blue Jays team.
Rangers: Angels

wickedkevin
4 years 8 months ago

Yeah, the Yankees will use Nova most likely. But let’s compare the Yankees divisional competition during the regular season to the Rangers.

Yankees: Red Sox, Rays, and an improved Blue Jays team.
Rangers: Angels

azdsnd
4 years 8 months ago

Strange, I didn’t realize that there was something “truly […] wrong with the sport.”

wickedkevin
4 years 8 months ago

This is how I believe it turns out:

Yanks want Lee and need Lee more than anyone else. If they get Lee, they don’t go for any other major FA (except bullpen arms)
If they don’t get Lee, they sign Werth or Crawford and then trade extra OF (and maybe more) for a SP.

4 years 8 months ago

No, but lets say the Redsox get Werth also, then you can be sure the yankees would be going for Lee and then trading Granderson to make room for Crawford. Having Gardner and Crawford is insane outfield defense.

fitz
4 years 8 months ago

Pretty sure they’re not going to trade Granderson…

Hoosierdaddy92
4 years 8 months ago

Hey I am all for the Yankees signing Crawford. If they do, do us Detroit fans a favor and give Curtis Granderson back. I’d love to have him being the greatest guy in the clubhouse, dominating the OF with AJax, and hitting 25-30 bombs from the left side of the plate, even if it is as a platoon with Raburn.

ellisburks
4 years 8 months ago

I am disappointed that the Yankees backed down. I mean they still got him for 1/3 of what he wanted but it’s over and now.

theyankeefanatic
4 years 8 months ago

well they got him…for better or worse…any possibility for a 4th year with the player having the advantage in getting that option when he is old and very much overpaid is a big mistake…they didn’t want an unhappy Jeter but quite frankly a satisfied Jeter or disatisfied Jeter will probably not change much…it seems like the Yanks caved in…and it will probably come back to hurt them.

4 years 8 months ago

Game of chicken and the Yanks won, finally….I still find it humorous how most (if not all) will consider giving a 37 yr old SS on obvious decline 45M over 3 years a win…lol.

Zuidvogels
4 years 8 months ago

The Yankees are paying about 2.5 times more then anyone else would have. How did they win the game of chicken exactly? By not giving a 36 year old a 5 year deal? Wahoo nice job Cash!

edit: Sorry I blurred together two post and missed your sarcasm lol

Zuidvogels
4 years 8 months ago

The Yankees are paying about 2.5 times more then anyone else would have. How did they win the game of chicken exactly? By not giving a 36 year old a 5 year deal? Wahoo nice job Cash!

edit: Sorry I blurred together two post and missed your sarcasm lol

AceGunderson
4 years 8 months ago

Jeter rules.

AceGunderson
4 years 8 months ago

Jeter rules.

CommissionerBart
4 years 8 months ago

Is Jeter a winner in this? While it looks like he was the party to back down–and, of course, he has done immeasurable public damage to his image as a person and a player–he still walks off with waaaaayyyy more money than by any logical standard he is worth.

wickedkevin
4 years 8 months ago

I think he is also a winner because of that 4th year option which vests on his own performance and nothing else.

Rabbethan
4 years 8 months ago

The immeasurable damage will disappear by July. I mean, no one remembers these days that DiMaggio got booed after a contract dispute.

CommissionerBart
4 years 8 months ago

Is Jeter a winner in this? While it looks like he was the party to back down–and, of course, he has done immeasurable public damage to his image as a person and a player–he still walks off with waaaaayyyy more money than by any logical standard he is worth.