Yankees, Derek Jeter Agree To Contract

[Elite]

The Yankees and Derek Jeter have agreed to a three-year contract worth $15MM-17MM annually, according to George A. King III of The New York Post. The deal will be finalized later today and includes a fourth year option King describes as "tricky" because it can neither vest nor is not a club option. It is linked to what happens during the first three years of the contract.

Talks between the two sides picked up earlier this week 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.

MLBTR

That took far too long.

 

[Mooche]

MLBTR

That took far too long.

Amazing the process did take this long. I am sure Yankee fans are glad to have him in pinstripes still.

 

[elcheato]

Really overpaid.. but not like it matters to the Yankees

 

[RipCity32]

And we overpaid for Victor and Benoit..

 

[Lake Louise]

I'm completely shocked. I really thought he was going somewhere besides the Yankees.

 

[MapleLeaf]

95% of baseball players are overpaid