The Yankees will start contract talks with Derek Jeter within a day or two, according to Jon Heyman of SI.com (on Twitter). The shortstop will sign a lucrative deal, but as ESPN.com's Buster Olney points out, we should not assume that the Yankees "feel obligated to pay Jeter the way that they paid [Alex] Rodriguez; rather, they are intent on not repeating the mistake of investing huge dollars in an aging player."
That doesn't mean Jeter is going anywhere, however. The Yankees want to keep him around and are willing to pay him more than any other team. Ken Rosenthal of FOX Sports points out that "Jeter is still Jeter, the Yankees are still the Yankees and no other team will be a factor."
The negotiations could get messy, but Joel Sherman of the New York Post has a suggestion. He says the Yankees should lock Jeter up to a three-year $45MM deal plus a 25-year $75MM contract for Jeter to work in the Yankee organization once his playing days end.
If they’d do a service contract like that- which everybody seems to agree is the way to go- they might as well sign Jeter for pennies on the dollar now with pretty much all the money deferred to when his days in pinstripes as a player are over. Make that 3/$37.5MM and a $100MM 25-year service contract and I think it makes sense.
NO DEFERED PAYMENTS.
He needs to settle down with Minka at some point..
Money isn’t a big deal to the Yankees, just don’t give him too many years. Don’t make it like the end of Ripken’s career.
are you talking about billy ripken? because Cal went out on his own terms and never hindered his team
He was pretty bad in some of those final years, especially the last one. He had an amazing career and is obviously a god to Orioles fans, no disrespect intended.
fangraphs.com/statss.aspx?playerid=1010978&po…
Ripken was shot at the end of his career
I had mentioned the same things a day ago. A short term 3 or 4 year deal around $15-$18 mil and then some sort of lifetime services contract even though it wasn’t for the 25 year length.
I always imagined Jeter somewhat involved with the Yankees even once his playing days are gone. I think that’s a decent suggestion, but we will see how it all plays out soon. I really hope it doesn’t get too messy.
NYY really is a unique franchise. On the open market, Jeter gets Marco Scutaro money, 2 yrs for $12-15MM total. To think of the $ New York is going to be spending on Jeter (2-3X market value), ARod (2-3X market value), Posada (2-3X market value) and Rivera (Mo may actually be worth close to what he gets) in the coming years, one wonders if the seemingly-limitless bank account could really start to feel a squeeze at some point. Ah well, probably not.
“Jeter is still Jeter, the Yankees are still the Yankees and no other team will be a factor”
That sums it up nicely.
Lets move on.
Just get it over with as well as mo and work on Lee.
“The negotiations could get messy, but Joel Sherman of the New York Post has a suggestion. He says the Yankees should lock Jeter up to a three-year $45MM deal plus a 25-year $75MM contract for Jeter to work in the Yankee organization once his playing days end.”
So to sum up a 28 year/ $120 million dollar contract.
Let him walk. His defense is overrated and his stick is in decline.$75 MM ?? Absurd. Sherman must double as an accountant for his second job?
Bye Jeter!
Is it really all that smart for the Yankees to decide right now that they want to be paying $3 million a year to an ex-player twenty five years from now? Things change, why lock yourself in to such a ridiculous length? $3 million won’t be much (relatively speaking) 25 years from now but I’m guessing it’ll still buy a descent coach or maybe a rookie salary. Why mete that out now?
I feel the same way, you beat me to it haha.
I think they should give him a 2 year contract with three team options at 10-12 million a year and then with something similar to what Sherman said but only 5 years and 1M a year. Maybe 10 years if Jeter wants more. The years in the front office are just for show right after he retires, when he hasn’t played baseball in five years and his contract runs out the public isn’t going to be at the Steinbrenner’s throats to resign him. Then they can sign him to something more appropriate to how much work he is doing or he can retire.
exactly…i don’t see why the Yankees would do that…does a great player necessarily make a great manager or scout or GM…and does Jeter want to be Mr Yankee in his 60’s…i don’t like it for either side…
Am I the only person who thinks that giving Jeter 3M a year for 25 years to work in the front office is insane? It’s not like he’s going to be the GM. I don’t know what he’s going to be doing, but I can’t see it being much more than what Roberto Alomar did with the Blue Jays recently. Unless he decides to coach but that won’t happen right after he retires, he’s probably going to bang hot chicks for a few years. So they are going to be paying a “special consultant” or whatever they call him 3M a year? I don’t think the new Steinbrenners value him that highly.
That is a bit excessive IMO. Though for the Yanks, that’s nothing really.
I totally agree. Jeter’s been great, but the Yankees organization doesn’t owe him anything. Jeter is the modern Yankees Joe Dimaggio, and Joe never got a services contract, as much as I love Derek, I can’t see paying him just because he’s Derek Jeter.
$3 mil a year is nothing. Yanks have been doing this forever. You think Reggie Jackson and Tino Martinez hang around just because they want to? They are not coaches but they do hold some sort of special assistant job with the Yanks.
but for how much…why should Jeter get so much for so long…?
Reggie is a ‘consultant’ , does liaison, PR work and scouts on several occasions throughout the year. Tino does minor league Broadcasting as well as fill in work on the Yes network, both for considerably less than $3MM a year. If Jeter wants to do that, I guess it would be alright to overpay him for that. I just don’t believe he should be paid to be Derek Jeter.
Of course they do. Consider this…
RUTH-GEHRIG-DIMAGGIO-MANTLE-BERRA-FORD-JACKSON
Those are the Yankee legends. 4 of them are decesed. Berra’s up there in age and only comes on special occasion. Ford you don’t see around much. Jackson already works in the capacity they are offering to Jeter. Jeter is by FAR the most popular of the living Yankee legends. He already has expressed interest in doing something behind the scenes. This should really be a non-issue.
Instead of paying Jeter 3m a year for the next 25 years, they could sign an elite draft talent to an overslot deal every year. Or sign a top IFA every year…do you know how many Jesus Montero’s they could find using that money for the next 25 years? How would that not be better for the franchise? Give Jeter 3/45 with nothing else…what other options does he have? The Yankees have leverage and should use it. 45m would allow him to save face and is a real overpay to begin with.
I’m sure the Yanks would want to do this even if he retired today. He’s being offered the chance to be a Yankee rep to the public. Sort of an all-star liason to shake hands, kiss babies, etc.
But wouldn’t he just do it? Why does he need $3 million a year to do that? Every franchise has lifer retired types who show up at big events and 10-15 games a year. That is GM money. I realize the Yankees “have” the money, but its a poor allocation of resources. I love the argument that anytime the Yankees spend money its just because they have so much, yet they don’t spend much on the draft. Why wouldn’t they always sign the top talent available if money is no object? Giving Jeter $75m to do a job that he would do anyways is a joke.
absolutley…and they need to spend more on international free agents…they could get the best rated foriegn player every year.
You know I have said this before and it may have been overshadowed, but I believe the Yankees free spending days are over, now i know ever since the 70s you guys have shelled out more money than all the franchises combined, but that was because of one man and his undying desire to be the best, now when that mans sons run the business, they are totally different people, their dad didnt even want them to take the reigns because he knew they didnt have the same passion as he did, and then there was a statement from one of the sons who said he is going to take this in a business approach with Jeter, in other words he isnt going to let Jeter get in the way of adding Lee and at the same time he isnt going to give Lee CC money, because their eyes are on their own bank account and like i said, in the end you are going to see a totally new Yankees ownership and one that ever since the 70s has never been fathomed.
I think you’re dreaming. They have made it clear that the budget is going to be around the same. They may not want to exceed $210 mil or better but they are not going to call for a budget slash. The Yanks make SOOOOOO much money they NEED star power to keep the machine running. COnsider the Yanks the Las Vegas of baseball. They constantly need stars to keep butts in seats. If anything has changed, and it’s for the best, they have learned that you need to have a good farm as well and that trading blue chip prospects for the “Ken Phelps” of the worlds isn’t a smart move. It happens every now and then (see Vazquez and Nady deals) but far less than what it has before.
If jeter cared as much for yankees fans and the organization as they do him, dont you think he would try for 12mil per year or just above market value so the team could address and spent more on more important needs? Just a thought.