Unsurprisingly, Derek Jeter's news conference today broke little ground. MLB.com's Bryan Hoch has the choice quotes from the Yankees' shortstop:
"This is the only organization I've ever wanted to play for. I've never envisioned myself playing anywhere else. Hopefully I don't have to. I've never been a free agent, and I've never wanted to be a free agent."
Jeter will not discuss his contract again publicly. The one interesting note to come out of the conference was that Jeter had his agent Casey Close reach out to the Yankees over the winter but was told the team will stick to their policy and discuss contracts after the season.
So far this winter we've seen writers toss around Jeter contract estimates ranging from three years and $60MM to four years and $100MM. He'll turn 37 during the 2011 season.
Though I think its fairly obvious that he will re-sign with the Yanks, the jaded side of me wants to see him sign with the Redsox just to see and feel the anguish from Yankee fans. Not often do they lose one of ‘their guys’ and they have a bit of a history of picking off heros from other teams and their fanbases. Its kind of like rooting for the bully to get his comupins.
nice joke. We all very well know that Jeter would probably suck rotten eggs before doing that =P.
Johnny Damon was one thing, but this is Derek Jeter.
He’ll be 36 this June.
Oops, I didn’t notice that it said he’d be 37 during the *2011* season.
So he’s worth between 20-25 million a year… Really? He’d be 40-41 at the end of those deals… Although we’re talking about the Yankees here so nothing is unreasonable in their eyes I suppose.
4yrs and $100m sounds pretty outlandish, and far greater than anything he could actually get on an open market. A 37-yr old SS, even if they are still playing at All-Star calibre, doesn’t seem like they should fetch much more than $15m a season.
The Yankees will be taking in extra revenue as Jeter reaches his 3000th hit.He should be a lifetime yankee, and I am sure he will get a better deal from the Yankees then any other team but you can never be sure in the ever evolving business side of baseball.
There is no way that Jeter is worth $20MM+ to any team other than the Yankees. It’s sad to see that number thrown around when Hanley Ramirez will only be making $7MM this season and $11MM in ’11.
If The Marlins didn’t get cheaper deals through arbitration, they wouldn’t be able to have but 2 or 3 players on the field at one time.
I understand that. I am glad that Hanley took less to stay there.
However, that doesn’t mean that he is not worth more. On an open market, who would worth be more? A 37 y.o. Jeter or a 27 y.o. Hanley(talking 2011 here)? Advantage: Hanley
I’m sure Hanley would eclipse $20M on the open market. The key here is that he is not.
I would have to say Hanley at this point. Hanley can do it all.
Except field balls to his left….
But he improved considerably on this last year…so yeah he is pretty much every GM’s wet dream
Yeah, the only reason Hanley is making that kind of money right now is because his deal was signed earlier on in his career.
He’ll EASILY get at LEAST 18 million per once he hits the open market.
Maybe a salar cap isn’t needed to slow down the Yankees.. just let them bid against themselves and sign their own players for 4x what they’re worth.
So many people saying he’s not worth that much, but does it really surprise anyone? We’re talking about the team with a history of rewarding their stars (Mo- 3/$45 at age 38, Posada 4/$52.4 at age 36, Pettitte 1/$12 at age 37). Jeter will be given his $20 Mil a year and he deserves every penny for what he does, has done, and will do for this franchise.
Just to clarify, I’m not saying any other team would or should pay him anything close to that. He is worth that kind of money only for the Yankees.
As much as it pains me to admit it … those Posada and Rivera deals have worked out. Sure they could have paid a little less BUT that’s the luxury the Yankees have. A few extra million to keep their icons in house has worked well for them in the past and will be a big factor during the Jeter negotiations.
One other thing – Jeter is the Yankees. Beyond what he contributes to the team in terms of runs, he has tremendous value in merchandising and draw. I personally think he is significantly overrated but it’s hard to deny his impact on the most storied franchise in baseball.
Certainly Riviera has worked out, but Posada? His 4 yr/ 52 million deal started in 2008. He played 51 games that year. Last year, he had an excellent year for a guy who missed 50 games. If they get that Posada in 2010 and 2011 (age 38 and 39), it’ll be a fine contract by Yankee standards. But if one of those years looks like 2008, then they basically are paying for 4 years and getting 2 .. which I suppose for the Yankees is just business as usual. So nevermind, as usual bjsguess, you’re right ….
you dont give salary to a player for what he did ,but for what he will do
i think the best thing for the yankees is to let him hit the open market and see how much teams will pay him.easily the yankees will top that amount
That’s what most teams do, not the Yankees. As I said before they reward their stars whether it’s financially beneficial or not.
If you look at the contract offers the Yankees made to Damon than the 4 year $100 mil offer to Jeter wont happen. It seems the Yankees are focusing on not signing old players to big contacts. Granted its Jeter but I think he will get whatever the market dictates so 4 years and $70 million
Contracts like what the Yankees give, like what Jeter is likely to get at age 37 are what skews the market since they are considered by arbitrators as a part of “the market” for a position. In the real world no team aside from the Yankees would pay a 37 yr old singles hitting future hall of fame shortstop more than $12 million, and that is a stretch imo. Prime example of how arbitrators set the market: the multi million dollar raise that BJ Upton received for hitting 240 last year.
If he has another season like the last one, then the $100 for four seasons is the probable outcome. If he regresses to his 2008 stats, I think the negotiations could become more difficult.
Another factor is who handles the negotiations, Cashman, who is more fact-based in his decision making, or the Steinbrenners, who bid against themselves in the A-Rod negotiations.
wow those comments can bite him in the ass if for some reason the yanks don’t pay him what he wants and he goes elsewhere. that said, if for some silly reason they don’t re-sign him yankee fans will probably throw themselves in front of the broadway subway.
Awww, poor media, with all the fluff by the Captiain they didn’t get their soundbites to spark some controversy about Derek and his contract.
As for all the one’s in here questioning Jeter’s worth Derek Jeter has 5 Championship rings for the New York Yankees. He has been and will continue to be well worth it.
There’s a past-present issue at play here.
He *did* win championships, and *was* worth $20m+ a year. At some point, he’ll no longer be able to contribute to a championship ballclub, and therefore no longer deserve that kind of money.
He was paid quite handsomely in the *past* for what he did *then*. The question about whether or not he’ll provide superstar-calibre performance in the *future* and therefore deserves superstar-calibre money in the *future* is indeed very valid.
While I don’t think he will necessarily be worth $20M per year going forward, he can still be very valuable to the Yanks for years to come if he is willing to change positions when the time comes. Maybe I am crazy but I can see him being a very good corner outfielder for awhile. He still has decent speed and has always had a great arm, I think playing RF/LF in a couple years would suit him nicely.
Although he is getting older, he has always kept himself in top shape. I don’t see him as the type of player to just burn out overnight. It will more likely be a slow fizzle as he ages. As long as he is continuing to bat .290+ and is not a liability on defense (hence the move to the corner outfield), I don’t see why the Yanks would not want to keep him around as long as possible considering what he is worth outside of actually playing the game.
As a player Jeter is not worth more than $10 millino
As a player Jeter is not worth more than maybe 3/$24. He gets on base and scores runs but he doesn’t have the speed of his younger days and his play at ss (2009 excluded) has been below par for too long. At his age fielding ability does not go up as a trend usually.
However, as a Yankee icon he will get at least twice that and I look forward to watching a 42 year old ss in the middle of the Yankees outfield.
You’re confused. Jeter is an elite contact hitter with solid patience and power, he’s one of the best baserunners in the game, and even scouts agree that he’s shown some improvement defensively of late, as shocking as it is.
If Jeter hit the open market without any of this Yankee stuff going on, it wouldn’t surprise me if commanded something around three years and $45-50M.
Ya, 3/$24 sounds about right. Got any other salary predictions you can pull out of your a**?
According to FanGraphs, Jeter has been worth about $63M over the past 3 years. He is unlikely to top that going forward, but I doubt it will sink to $24M.
You would think that a guy would go to the organzation and say, “I want to stay- I have made a ton of money so lets do a 3 yr/ 30 mil right now.” Its still a ton of money and then he gets to retire a Yankee and then the Yankees have 10 more million to spend (as if they needed it). I know the players union wouldn’t like that but I don’t see why more players don’t do that.
Example: Hypothetically, lets say Hanley Ramirez was a free agent and he was from Los Angeles. The Angels and the Dodgers are both winning teams with pretty big payrolls. Why not just call one of them up and tell them to give you 6 yr/ 100 mil. You get to play where you want and for a winning team and for a ton of money..and its still below market value which helps your team.
Like Damon going to Det for 8 mil….after screwing the pooch with the Yankees. He was left with White Sox, Braves and Tigers…he went for the most money, of course. Whats the difference in 8 mil vs 5 or 6 mil when you have made as much money as he has. Now, if he wanted to go there over the other two, then fine. But, if he wanted to go to ATL but they didn’t offer enough…thats lame. Thats like me taking a new job for 51,000 when I’m making 50,000.
The difference between $5 Mil and $8 Mil is nothing like the difference between $50,000 and $51,000. Considering Damon has made $97,189,000 (according to baseballreference), a better analogy would be like taking $80,000 instead of $50,000 when you’ve made $971,890.
The Yankees always take care of there players as long as the player is fair with the yankees and not go Johnny Damon on them. Just the prospect of having a first ballot hall of famer spend his whole career with one orginization is exciting, and rare in this age of baseball.I am a Dodger fan but must admit there is not a classier ball player then Jeter. The fans of Los angeles have been spoiled by the owner of the lakers over the last 30 plus years, and the fans of new york has had the steinbrenner family spoil them.
I realize the ratio, this was not meant to be a math problem….I was making a point….. When you have made 100 million dollars then it shouldn’t be about gettting 2 more million. You wold think it would be about your happiness and your family. Just like Jeter can take less to stay in NY and do the team a favor and he is still gonna make a boatload of money.
Also, if I take a job for 80,000- I assume I will be there a long time……its for more than one year. Damon is gonna get 2 million more this year and thats it. I wouldn’t change jobs for one year of 80,000. So, he’ll have made 105 million in his career instead 103 million. Great move!
Those financials are completely over the top for any aged shortstop. He has no where to play when he falters at short, I don’ t care if he is the face of a franchise. If they pay him anything close to that then the Yankees are truly bad for baseball by pushing the elderly salaries as they’ve managed to blossom a ton of second rate salaries through overspending against market value. It wouldn’t shock…
3 Years, 60 Million