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Derek Jeter and Yanks Said To Have 3-Year Deal In Place

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#1 LALakersFan4Life


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Posted December 04, 2010 - 01:26 PM

Sources: Derek Jeter Deal Expected Over Weekend

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NEW YORK -- By Sunday night, it is expected that the New York Yankees and Derek Jeter will have extended their relationship for the next three seasons, and possibly four -- representing a dose of "reality potion" for both sides.

The club and its iconic shortstop and captain are hoping to finalize a new contract in the next 24-48 hours, according to two sources with knowledge of the negotiations. The deal will pay Jeter approximately $17 million per year for three seasons with an optional fourth year at a lower salary, although those terms were among the details still to be worked out.

The terms of Jeter's new deal, obtained through conversations with several sources who requested anonymity, represent a pay cut of approximately $2 million per season from the 10-year, $189 million contract he just came out of. The Yankees did, however, increase their initial offer of $45 million over three years.

When contacted Saturday, general manager Brian Cashman refused to provide details from the negotiations. He did say "there's a very good possibility" the deal will get done late Saturday night, or Sunday afternoon in the small window between the time Cashman rappels down a 22-story building in Stamford, Conn., in the morning and boards a late-afternoon plane for baseball's winter meetings, which start Monday in Orlando.

Finishing the deal will allow Cashman to know exactly how much money he has in his budget heading into the winter meetings, at which the Yankees are expected to make a strong bid for free-agent pitcher Cliff Lee and possibly outfielder Carl Crawford.

Jeter was asking for a four- to six-year deal in the area of $22 million to $24 million per year, and he and his agent, Casey Close, seemed stunned by what they considered a lowball offer from the Yankees. At one point, Close described the Yankees' negotiating strategy as "baffling" and implied he felt his client should be treated as if he were Babe Ruth.

Earlier this week, ESPNNewYork.com asked a source involved in the negotiations what it would take to get the deal done. "Jeter and Close need to drink the reality potion" was the reply.

And coming off the worst offensive season of his career since he became an every-day player -- .270 batting average, 10 homers, 67 RBIs and an on-base percentage of .340 -- and without any concrete offers to match even the Yankees' initial offer, Jeter and Close gradually came to alter their demands.

The two sides met earlier this week in Tampa after Close called Yankees owner Hal Steinbrenner to set up the get-together. Jeter was present, as was Steinbrenner, Cashman and team president Randy Levine.

That started the ball rolling. As of Friday night, sources briefed on the negotiations were using terms like "significant" and "terrific" to characterize the tone and progress of the meetings.

And although Jeter had no real leverage, the Yankees also softened their stance. After publicly talking about how they would treat Jeter like any other player in a contract negotiation and judge his value solely on performance -- and pointedly expressing reservations about his age (36) and diminishing range in the field -- the decision to raise their offer even by a couple of million dollars per year is an indication that they were recognizing and rewarding his iconic status in club history.

The proposed new contract would place his average annual salary at about $17 million per year, keeping him as the highest-paid middle infielder in baseball, ahead of the Colorado Rockies' Troy Tulowitzki, who this week signed a 10-year deal worth $157.75 million, an average of nearly $15.8 million per season.

In the end, what is about to happen between Jeter and the Yankees is what many expected to happen from the moment his previous contract expired at the end of the 2010 World Series.

"I think the deal was always going to get done," said a party involved in the negotiations. "It was inevitable that the Yankees and Derek Jeter would stay together. It just took a little time to get to where we all had to be."

That, and a round of reality potion for everyone in the room.


Edited by LALakersFan4Life, December 04, 2010 - 04:20 PM.

#2 LALakersFan4Life


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Posted December 04, 2010 - 04:19 PM

Derek Jeter and Yanks Said To Have 3-Year Deal In Place

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NEW YORK -- Following negotiations of more than a month, the Yankees were preparing on Saturday afternoon to finalize the terms of new agreements with both shortstop Derek Jeter and closer Mariano Rivera.

A source familiar with the negotiations confirmed on Saturday that the Yankees and Jeter have agreed to the framework of a new three-year contract, one which is expected to average between $15 million and $17 million per season and will include deferred money.

The deal, which has not been officially announced by the Yankees because Jeter must still pass a physical examination, will also include a creative option for the 2014 season that is contingent on Jeter's performance over the first three years.

Rivera is also nearing completion of a new two-year, $30 million contract that will keep "Enter Sandman" blaring over the Yankee Stadium loudspeakers. That pact also has not yet been finalized, contingent upon the 41-year-old closer passing a physical.

Rivera expressed confidence that he, too, will pass the finish line soon. Speaking at an appearance on Saturday in Rye, N.Y., Rivera told reporters from The New York Daily News and Newsday of his negotiations: "I wanted it to go smooth, and that's exactly what happened."

The owner of an American League-record 559 saves and an all-time best 42 more in the postseason, Rivera told the reporters that this may be his final time signing a big league contract.

"That will be fine and I think maybe that might be the last two years," Rivera said.

More than a month after Alex Rodriguez looked at the final strike of the American League Championship Series against the Rangers, a deluge of spilled newspaper ink concerning the negotiations can finally set.

The Yankees must now renew their focus for next week's Winter Meetings in Lake Buena Vista, Fla.

Upon arrival at the Walt Disney World Swan & Dolphin Resort, the Yankees will now focus their efforts on their biggest target outside the organization, free agent left-hander Cliff Lee. But they had to keep Jeter and Rivera in the fold first.

"We'd like to obviously have both of those guys back, no doubt about it, and try to find a way to improve the club at the same time," Yankees general manager Brian Cashman said on Friday.

Negotiations with Jeter made substantial progress late this week, following a stalemate between Cashman and Jeter's long-time representative, Casey Close.

New York had offered Jeter a three-year, $45 million pact, which Cashman defended as fair for the team captain, who is coming off a career-low .270 batting average and will turn 37 in June.

Jeter's request was said to be more in the arena of five or six years at an annual average value of $23 million, coming off the 10-year, $189 million deal that he just completed.

Close, who was quoted as being "baffled" by the Yankees' stance, invoked Jeter's status as the "modern-day Babe Ruth" as negotiations stalled.

That led Cashman to respond by inviting Jeter's camp to test the market to see if there was another offer out there he would prefer.

Cooler heads prevailed in a face-to-face sitdown in Tampa, Fla., on Tuesday, the first such meeting between the two sides in nearly a month. Yankees managing general partner Hal Steinbrenner and team president Randy Levine were also involved in the meeting.

The Yankees showed a willingness to improve their offer slightly, and Jeter's camp came down to find common ground in the middle, making the continuation of a productive relationship agreeable for both parties.

Rivera will receive a similar annual salary to the three-year, $45 million pact he just completed, ensuring that the pair of five-time World Series winners will be on the field in pinstripes on Opening Day.


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