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.
Oh The Drama. It ends, Thank You.
Good Job, Derek. You became the better man taking a 15-17m deal. Thank GOD this is over.
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.
I think wes was being sarcastic.
and in other news the sky is still up and the ground is still down.
Lies!
Not when you’re bungee jumping.
OH MY GOD! Who ever saw this coming????
So, the fourth year is a “vesting option in disguise”?
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?
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.
$$$$$$$$$$$$$$$$$$$$
way to play hardball jeter lol
oh no how will they ever be able to sign pettite, lee, crawford/werth now?
Hopefully the AGon trade will motivate them to get Lee and Crawford.
Finally!
Our long National nightmare is finally over
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 š
Yes, as a New Yorker I couldn’t careless about Jeter or the Yankees.
and as a michigander i felt it was a nightmare. i think jimcrikket got it a little backwards
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.
Let’s pray Jeter learns to live with less. It humbles you to bring down your standard of living to only a 17M/YR.
about time this got done. Anyone think the Yankees are ganna go hard to get werth or crawford cause the Sox got Agon?
No clear need in the OF. They are surely going to make sure they get Lee though.
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.
Yeah because of you Yankeeboy11. Haha. Crawford is a luxury. Lets get Lee.
I finally agree with you. If the Yankees don’t get Lee and instead get Crawford/Werth, I would be a very unhappy fan.
Typical Yankee fan.
(as I am wearing my Red Sox shirt) Touche.
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.
They need Lee more than anyone else. What?! Jesus, the ignorance of some yankee fans.
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).
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.
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.
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.
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.
Why not? Other teams have to do it? Do I hear Cj Wilson?
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
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
Strange, I didn’t realize that there was something “truly […] wrong with the sport.”
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.
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.
Pretty sure they’re not going to trade Granderson…
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.
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.
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.
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.
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
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
Jeter rules.
Jeter rules.
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.
I think he is also a winner because of that 4th year option which vests on his own performance and nothing else.
The immeasurable damage will disappear by July. I mean, no one remembers these days that DiMaggio got booed after a contract dispute.
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.
Good, how could Jeter win the Gold Glove next year without that NY on his hat?
THIS IS THE BEST DAY IN MLBTR HISTORY!!!!
NO MORE JETER CONTRACTS TALK FILLING UP THE SITE!!!
NO MORE BS RED SOX -GONZALEZ TRADES!!! ITS ALL OVER!!! ITS ALL OVER!!!!
š
I have it’s just the beginning. Now comes the Crawford/Lee/Werth talks which will prob be posted 10x as much
Yeah, but that is all new and exciting. Gonzalez to the Sox was so old, expected, and talked about over and over by everyone.
Jeter, everyone knew what was going to happen. EVERYONE knew he was going back to the Sox.
Werth/Crawford/Lee is exciting and new. I am so happy.
BREAKING NEWS: Carl Crawford walked outside today to see a Yankee fan! More on this story @ MLBTR.
Was he spit on? Or maybe pooed on? Or did they ask him for his autograph and did he reply and say “Wow no one at the Trop ever asked me for an autograph”. Fan- “Why because you were too busy?”, Carl – “No they just never came”
Ya, I’m sure the companies paying for advertisement here won’t miss all the traffic these two topics have generated immensely..
Dude, it’s winter. The biggest stories are Lee/Werth/Crawford. Not Jeter or Adrian (mostly because it was kind of shocking)
I was hoping this would have been drawn out more and ended in a tragedy.
I was hoping this would have been drawn out more and ended in a tragedy.
In other news, water remains wet, and the Yankees outbid the mystery team.
I was sooooo hoping the Pirates were that team. Big disappointment there.
Calling Jeter “Captain Hook” would have been amusing.
I was sooooo hoping the Pirates were that team. Big disappointment there.
Jeter – “Hmm, this Yankee offer isn’t too bad, after I found out no one else is dumb enough to give me half of that a year.”
Which is quite a contrast to, “I am the Almighty Jeter! Your offers do not amuse me Cashman!”
Jeter – “Hmm, this Yankee offer isn’t too bad, after I found out no one else is dumb enough to give me half of that a year.”
Yay! Let the lovefest begin, and this sad intra-family squabble end. Maybe now the Yanks can tender an offer to Lee.
Given the Yankees only had to squabble away 15 mil to Jete and Mo, and it’s deferred, at least 24 million will go to Lee per year for 7 years.
Save some cash for Crawford.
and werth and beltre…
Na they are all set at those positions, put the extra cash towards Soriano.
Good thing this is done, so Rivera + Jeter = only 30 mil. that’s not bad considering what it could have been. Any ideas how much more the yanks have left to spend in their budget?
We still need Lee, possibly Pettite, and bullpen/bench help. And if the Redsox get Werth with AGonz, you know the yanks are going to look at Crawford whether he’s necessary or not.
I would imagine they have enough to encompass Lee’s contract (should it be done of course) in the range of 24 million a year. I’m not too worried about that, and as any person on this website would tell you, the Yanks have a seemingly endless budget. I really hope the Yankees do not go after Crawford or Werth should either of them be left on the market. I respect both of their abilities and style of play, but we really do not need them and I am more than happy with the outfield we have right now. For the bullpen, I think we can bring up some of our young guns in Spring Training, see how they do, and give them a chance for the regular season.
Unrelated question : why doesn’t Joba get sent down to AA, so he can relearn how to pitch the way he did when he was called up?
Just speaking from my point of view of course, I think that would crush his mentality and he would never return to the form that he is truly capable of. We’ve all seen the good side of Joba, as well as the bad. At least we know the good side exists, of course no one knows if it will ever return. He’s young, if he continues to work hard this off season, maybe something will click with the new pitching coach and we can see a revitalized Joba sparking serious competition with Robertson for the 8th inning role.
The only way it makes sense to send Joba to AA is if it’s to bring him back as a starter. Joba’s 2010 is no where near as ppl want to make it seem.
His velocity returned to a higher level. He wasn’t pumping it up at 98-100 mph like he did in 2007 but his avg FB velocity was 94.6 compared to 92.5 in 2009, 95 in 2008 and 97 in 2007.
His K0/9 went up as well to 9.6/9 in 2010 compared to 7.6 in 2009. Still aways away from 10.5 and 12.7 in 2008 and 2007, respective.
Still in 2010 his 2nd half (34 IP) was much better than the 1st (37 IP).
ERA- 5.79 vs 2.88
Whip- 1.50 vs 1.07
K/9- 9.6 vs 9.7
KO/BB- 2.86 vs 4.63
His overall ERA was 4.40 but his FIP was 2.98and expected xFIP is 3.34.I think Joba had to wrap himself around the idea that he lost his job as a starter in spring training. Sending him down to AA for any reason other than to be a starter might make him feel like he was being demoted or punished. As long as he knows his role going into 2011 and is healthy I think he’ll be fine.
That would be the point, let him come out in 2012 or september call ups this year as a real starter. And hopefully show what he can really do. Don’t rush him, let him fully develop a 3rd and maybe even 4th pitch, and maybe the real Joba can come out.
I think the days of Joba as a starter are done and they’ve pretty much said so. He already had 4 pitches coming into the lge but all the shuffling back and forth hurt him. The kid was rushed as he debuted in the minors and mlb all in the same year. Right now, if the Yanks sign Lee and bring Pettite back they will be set 1-5 and have 7 or 8 possible mlb ready pitchers in Nova, Noesi, Phelps, Betances, Banuelos, Brackman, Warren and possibly DJ Mitchell. If they take Joba out of the bullpen then that’s another hole and another ??? mark if one of the kids replaces him. It sucks what they did to Joba and I hate the way ppl exagerate how bad he is. His career ERA of 3.77 in 353 IP is solid. But his days as a starting option are probably done despite a decent 4.10 (approx) ERA as a starter under 25.
The Yanks and the Sox are playing chess. Yanks move to get Lee, then the Sox sign Werth, then the Yanks sign Crawford, then the Sox sign Guerrier, then the Yanks sign Feliciano, then they Sox sign Downs.
The Yankees have what I would call a flexible budget, by that I mean it all depends on how the the Sox do.
that’s kinda sad. $30 million for 2 guys over 35 isn’t bad. The whole Padres payroll is only about $38 million….just sad
that’s kinda sad. $30 million for 2 guys over 35 isn’t bad. The whole Padres payroll is only about $38 million….just sad
Always nice to see Yankees over paying players. Jeter isn’t even best SS in baseball and he’s getting paid like one? Rivera is 1 of the best closers ever but he’s still not worth 15 mill a year.
I would say Rivera is worth it. Jeter isn’t but im glad he is still in pinstripes. Hit on the A-rod deal if you want but these deals, especially mo’s, were solid
Can’t consider the Jeter contract solid but the contract Mo signed is worth every penny. He’s not widely accepted as the greatest closer of all time for no good reason, and I’m glad the Yankees get another two years of greatness.
Right….even though 3 other teams offered him $17 mil per? Including the Sox who were willing to acquire Mo despite already having Paps?
I agree than in the grand scheme of position player/starter vs closer, a closer will always come up last. However, when you have a payroll over $100 mil and you have you’re all-stars at several positions and you’re not hoping to make the playoffs, your EXPECTED to, and you’ve lost faith in your current closers like Paps and Rodney then, yeah…a closer is pretty damn worth it and you pay market value. Seeing as how the world knew the Yanks offered 1/$15 and Mo wanted 2/$36 the market value was set and at least 3 teams not named Yankees were willing to exceed Mo’s intial demands.
The Yanks are not over paying Jeter. He is bringing in a bundle to the park with all the women and kids wearing Jeter stuff. Wait until he gets 3000 hits, and then becomes the shortstop with the most hits, and then goes into the hall of fame, all these milestones will bring in mucho bucks to the Yanks and the Yes network!
Yankees are going to sell yankee gear and pack their ball park no matter what. Its the New York experience.
Overpaying was a given. I still consider this a moral victory in that they didn’t give him 5 or 6 years or $23-$25 mil per. The fact that Arod went over Cashman’s head and got his deal thru Hal, Hank and Levine led to this whole debacle. Hopefully, the Yanks will have a new crop of inconic players but will have deals that are more based on performance vs market and not current production vs past production and legacy.
Good news is that our other mega deals like Tex and CC will end when they approach that 35/36 age. Lee will probably go as far as age 37-38 but we can handle that.
Well said, I agree 100 percent.
Hopefully Gardner, Hughes, Montero, Cano, so on and so forth, will produce as expected (and continue their production for whomever it applies to), and become the new players synonymous with the interlocking N and Y on the Yankee’s cap and jerseys.
This was a done deal from the beginning! It was just the YANKEES way of staying in the news. New York fans love their hot stove baseball. Next up will be Lee at the winter meetings and then maybe a surprise.
Not really it’s just how the media likes to operate it’s the same thing that happened to revis.
Lee pitching in NY in a horrible pitchers park like the Stadium, Lee wasn’t exactly lights out in Texas with a little better park you think the big deal he will get will be worth about 3-4-5 runs a night?
Lee can do well at YS, Sabathia absoloutley dominates there and Lee is better
no he’s not
no he’s not
Lee can do well at YS, Sabathia absoloutley dominates there and Lee is better
The Stadium looks like a horrible pitcher’s park only when you compare it to the Grand Canyon that is Wrigley Field.
Get a clue.
The Stadium looks like a horrible pitcher’s park only when you compare it to the Grand Canyon that is Wrigley Field.
Get a clue.
It’s the heat man; I played in the texas league and it hot as hell! It’s great for the hitters but the pitchers loose 10-15 pounds of water weight ever start.
It’s the heat man; I played in the texas league and it hot as hell! It’s great for the hitters but the pitchers loose 10-15 pounds of water weight ever start.
i didn’t know what the sound of 10,000,000 panties unbunched sounded like….
The Yankee’s cant have any money left for any meaningful free agents after paying a 37 year old shortstop this kind of loot on top of Arod’s 30 million dollar annual salary.
The Yankee’s cant have any money left for any meaningful free agents after paying a 37 year old shortstop this kind of loot on top of Arod’s 30 million dollar annual salary.
The Yanks don’t have a real budget. They make so much money on concessions and the Yes network their only goal is to make the world series no matter what!
Dripping with sarcasm, no doubt.
It’s nice to see the best offensive infield of all time stay intact!
Yes everyone can sigh in a show of relief. For a couple days there I thought the Rays or Marlins were going to trump the Yankees offer.
C’mon, seriously, who out there honestly believed his re-signing with the Yanks wasn’t going to happen ??? If you believed that he wasn’t going to sign with the Yanks, I’ll bet you drank the Kool-Aid in 2008 and voted for Obama !! CHANGE !!!!
what about the peoples temple kool aid?
You mean the Reverend Jim Jones in Ghana? Same Kool-Aid. Its also offered at the refreshment stands at Fenway Park.
thats exactly what kind of kool-aid i was talking about. some 12 hour shift this has turned out to be at work. im ready to go.
thats exactly what kind of kool-aid i was talking about. some 12 hour shift this has turned out to be at work. im ready to go.
How does accepting deferred payments affect the luxury tax situation? I was under the impression that luxury tax was calculated based on the AAV of contracts, not the actual payment schedule
You’re right. It appears that Mike Axisa is confused. Jack Curry didn’t even mention the luxury tax in his posts.
You’re right. It appears that Mike Axisa is confused. Jack Curry didn’t even mention the luxury tax in his posts.
8mill on the 4th year =p. Wonder how the incentives work for the 9mill
damn, A-Roid is gonna pass up Hank Aaron for the top leader in career RBIs. He’s only 34, plays in a baby park, and has more juice in his arms than a whole Costco store.
“but if he earns no incentives while picking up the option, he’s guaranteed at least $56MM, says Curry”
If Jeter picks up the option, he’s guaranteed $59m (51+8), why would Curry say at least $56m? Can someone explain this to me.
There’s some inconsistency in the numbers. Jon Heyman’s twitter has the same thing. $51M over three years, plus $8M – $17M for the option. Yet only $56M guaranteed if he picks up the option?
Maybe the first three years are $48M, with a $3M buyout if Jeter declines the option. Then you’d have $51M/3, and a minimum of $56M/4 ($48M + $8M).
Bad contract. Nothing more to say.
When do the yankees lose team control with Cano? Because he is going to command a bigger contact then Jeter and if they have to give that out befor Jeters contract runs out..then the 4 infielders (not catcher position) will be making 100 mil annually. Unreal.
If they sign Lee they’ll have 4 guys making 25 mil/year each (Tex, ARod, Lee, Sabathia). Burnett, Jeter, Rivera making 15-19mil range. Isn’t Posada right around there as well? So 8 guys making 15mil +…..WOW! Thats alot of dough.
Jeter wasn’t going anywhere and I expected them to overpay but kinda crazy that an aging SS coming off his worst year can make that much money. How do they not win every year is beyond me?
If Boston get Gonzo signed to an extension and sign Werth then they’ll be right there with Yanks as well. They just live in a different world then the rest of MLB.
Cano has a 2013 option for $15 mil. Next year is Posada’s last year @ $13 mil.
Big win for the Yankees, in AAV & years.
The contract is about a 20% cut over last year’s salary. With Rivera at $15, that puts the Yankee payroll at about $184 million after salary raises, buyouts, dead weight (thanks, Kei Igawa!) & likely arbitration results for 21 players. Last year’s payroll was in the $210 range, and the goal is to keep it around there. It’s also arguable whether they count Igawa’s salary or the Johnson buyout as part of their “active” payroll. So let’s say they have $30 million to play with.
They need two starting pitchers & two bench players (a power bat & a 4th outfielder). That’s Cliff Lee, Andy Pettitte, Jesus Montero, and one free agent signed at a reasonable deal.
If they DON’T get Cliff Lee, and go for a trade, the result might look something like Greinke & Carl Crawford, which would be less of a salary obligation than Lee.
Not really. Figure CC wants at least $100 mil. Greinke get $27 mil and the monetary value of the prospect’s 6 cost controlled years it would take to get Greinke. Not really a savings IMO.
I want the yankees to get Cliff Lee from the Rangers. I want the Rangers to trade for Zach Greinke. I want the Red Sox to get Jayson Werth. And I want the Angels to get Carl Crawford, and screw Scott Boras’ clients (Beltre and Soriano) and trade Mike Napoli for Heath Bell. The Padres need a catcher and a 1B and Napoli plays both. This would be a great Christmas present for me.
I want the Yankees to get Cliff Lee. I want the Rangers to get Zach Greinke. I want the Red Sox to get Jayson Werth. And I want the Angels to get Carl Crawford and trade Mike Napoli to the Padres for Heath Bell. Napoli can play 1B and C and thats what the Padres need. Also screw Scott Boras’ clients (Beltre and Soriano).
thats not a fair trade for the Padres at all. Werth is a Boras client. And the Tigers will overpay for Werth if they doesnt pull off a trade.
It’s weird that the next time Jeters steals a Gold Glove he doesn’t deserve, he’ll be paid extra for it
great the Yanks have their aging captain back while Boston traded & got Adrian Gonzalez..talk about lopsided off season activities…sheesh..get something done Cashman stop sitting on your thumbs
…and the Sox lost V-Mart and as I write this, Beltre. Two of their more productive hitters from last year. Fret not young lionheart, the Yanks will be fine.
The romantic in me is glad to see Jeter back with the Yankees. He’s good for baseball. Moneyball really has turned the perception of the game into cold statistics and dollars, but the theatre of it all is what makes it great. Jeter’s a huge figure; hope he rebounds for NY!
Am I missing something?
$51 million for years 1-3 + $8 million player option for year 4 = $56 million guaranteed if he excercises his player option?
Yes you are. It’s 3 years for $48 mill with a 3 mill buyout, which is a total of 51 mill over 3 years. If he chooses the player option for the 4th year, the 3 mill buyout isn’t in place anymore, so it’s 48 mill for the first 3 and 8 mill base salary for the 4th year that’s 56 mill total and there’s 9 mill worth of incentives available if he plays up to them, so potentially, he can max out at 65 mill over 4 years.
The Sox still had a potent offense without Gonzalez, their line up was still imposing with all the MVP candidates.
Beltre had a solid season – can he do it again with another team ? Hard to tell and V-Mart wasnt quite as good in Boston as they had hoped..another solid year,but nothing what they were expecting ..
Vmart wasnt good in Boston?? really? What were you expecting out of him? 40 homeruns?
HAHA Derek Jeter isn’t even worth half that. But hey, I’m glad the Yankees are wasting money on burnt out talent.