3:09pm: The Yankees have increased their offer to Jeter by an unknown amount, according to Mark Feinsand of the New York Daily News.
2:28pm: The Yankees informed Close today they're willing to improve upon their three-year, $45MM offer to Jeter, reports ESPN's Jayson Stark. Jeter's side lowered their request, adds SI's Jon Heyman on Twitter.
8:03am: Derek Jeter and his agent Casey Close reached out to the Yankees to set up Tuesday's meeting in Tampa, report Mark Feinsand and Bill Madden of the New York Daily News. Hal Steinbrenner, Randy Levine, and Brian Cashman attended for the Yankees.
Money and years were not discussed, say Feinsand and Madden. Instead, the meeting concluded with the Yankees' brass asking Close for ideas on how to bridge the large gap. The tenor of the meeting was cordial, reports Michael S. Schmidt of the New York Times. Close did not get back to them on Wednesday.
The Yankees were emboldened by Troy Tulowitzki's new deal, in he has a $15.7MM average salary over the next ten seasons and Cashman and company offered Jeter $15MM per year. Of course, the new part of Tulowitzki's contract is $134MM over seven years from 2014-20, which comes to $19.1MM per year. To include Tulowitzki's low 2011 and '12 salaries in an average would be disingenuous, since those weren't potential free agent seasons for him. At any rate, MLB is pleased that the Yankees have not gone overboard on their Jeter offer, report Feinsand and Madden.
Zzzzzzzzzzzzz
I’m in total agreement.
It’s hilarious to watch this franchise bid against itself.
Shocking news…..”MLB is pleased that the Yankees have not gone overboard on their Jeter offer, report Feinsand and Madden.”
“MLB is pleased….”- well thank god. As if Jimmy Rollins (or any other shortstop) would approach the Phillies at age 37 and say “Jeter got 4 yrs @$20…. I’ve got intangible value too.”
I could see Hanley doing that.
hahahah, is he still going to be playing short at 37?
Yeah, probably not. But if he is he would total expect Jeter-like treatment.
What did they talk about then? If money and years weren’t discussed what would they talk about? Seriously, I’m interested how these processes go down and have no idea what they’d talk about if they weren’t talking about money and length of the contract.
Couple “money and years were not discussed” with “the Yankee’s brass asking Close for ideas on how to bridge the large gap” and it doesn’t make much sense. If they weren’t talking money and years, what were they discussing? Minka?
If I was Cashman I’d ask for her to be present in negotiations.
yeah after the first meeting…shoudn’t every meeting be about money and length or extra benefits/percs…
Perhaps they were negotiating the size and location of Jeter’s statue outside of Yankee Stadium, as well as the hours when worship would be permitted.
I can see there being an honest conversation being had as far as what position Jeter would be moved to IF his defense doesn’t return to 2009 form which wasn’t great but was an improvement on what he was before and what he returned to in 2010. I think making it clear that he could be moved from SS is the most important thing to discuss first and then years and dollars.
You’ve hit on something that very few fans throughtout all these posts have failed to notice. The Yankees are more concerned with the length of the contract than the money. While there has been this back and forth with dollars,and the Yanks were content to let the fans and the media concentrate on the dollar figures, the crux of the negotiations has to do with how much time Jeter is going to spend at SS. You as a Yankees fan know the true value of Jeter to the franchise and that the Yankees don’t have a problem paying Jeter even what they paid him on this expired contract for another 3 years.They are not going to injure the personae of the future Yankees image because of money, that they can easily afford to give. What they are not going to do is have him keeping a younger player from manning the position when he’s ready.
The problem is that they cannot insult the future face of the franchise by just casting him aside when he’s in mid contract. That’s why I see them giving in to the money demands but drawing a line in the sand concerning length. It’s somewhat touchy,but I see him signing for 3 years and depending on how he fields the position this year, moving to third next year or in ’13 and moving A-Rod to full time DH.
To me all this contract drama with the money issues were just a negotiating smoke screen to hide the real intentions of the new contract and Jeter’s future with the team.
You’ve hit on something that very few fans throughtout all these posts have failed to notice. The Yankees are more concerned with the length of the contract than the money. While there has been this back and forth with dollars,and the Yanks were content to let the fans and the media concentrate on the dollar figures, the crux of the negotiations has to do with how much time Jeter is going to spend at SS. You as a Yankees fan know the true value of Jeter to the franchise and that the Yankees don’t have a problem paying Jeter even what they paid him on this expired contract for another 3 years.They are not going to injure the personae of the future Yankees image because of money, that they can easily afford to give. What they are not going to do is have him keeping a younger player from manning the position when he’s ready.
The problem is that they cannot insult the future face of the franchise by just casting him aside when he’s in mid contract. That’s why I see them giving in to the money demands but drawing a line in the sand concerning length. It’s somewhat touchy,but I see him signing for 3 years and depending on how he fields the position this year, moving to third next year or in ’13 and moving A-Rod to full time DH.
To me all this contract drama with the money issues were just a negotiating smoke screen to hide the real intentions of the new contract and Jeter’s future with the team.
“Money and years were not discussed” and “the Yankee’s brass asking Close for ideas on how to bridge the large gap”.
Sounds like they’re probably talking out-of-the-box numbers that exist external the actual contract but will add to Jeter’s overall take. Maybe “consultant” salary after 3 years, or some kind of revenue/promotional sharing?? Just a guess.
I think this is how they should have gone to begin with. Jeter is obviously not worth $15M to the Yankees as a baseball player but may be worth every dime of that (maybe even more) due to his marketing value. I realize that sales of officially licensed merchandise are split between the teams but the revenue from YES is not. I mean his face pops up every 2 minutes on the YES Network.
^ great post
“Money and years were not discussed” and “the Yankee’s brass asking Close for ideas on how to bridge the large gap”.
Sounds like they’re probably talking out-of-the-box numbers that exist external the actual contract but will add to Jeter’s overall take. Maybe “consultant” salary after 3 years, or some kind of revenue/promotional sharing?? Just a guess.
We’re finally getting to the end of this silliness.
Results: Jeter gets 3 years $60MM with a club option or a $5MM buyout( more or less)
I’d guess that’s high and it settles out a little lower, say 3/51m plus an option for 14-ish and a buyout of 4m so he can say $55-65m. But yeah, end is near, silence is coming, amen.
I’d guess that’s high and it settles out a little lower, say 3/51m plus an option for 14-ish and a buyout of 4m so he can say $55-65m. But yeah, end is near, silence is coming, amen.
I say 3/48 so he makes .3 higher than the highest paid shortstop annually, and it’s technically a raise from the original 3/45 offer, then they work out something external.
the yankees need an outside team to make him an offer of 3years 30million just to make Jeter realize he’s not worth 15million a year
the yankees need an outside team to make him an offer of 3years 30million just to make Jeter realize he’s not worth 15million a year
Makes sense!
Makes sense!
i say a contract of $150,000 for 3 years…let him earn about $50,000 per year..granted that’s more than a lot of us regular folk make..but it should be nice and humbling…you’re just a baseball player Mr. Jeter..you’re not curing diseases or protecting the innocent.
many people would play the game for much less because they love the game and in your long career i hope you invested wisely because you should have enough built up for a nice retirement by now.
don’t be greedy when there are families struggling to pay their bills to keep heat, water, electricity on and won’t be able to afford even the smallest of christmas presents.
While true in theory…I think you could apply this to pretty much every sports contract-related post ever.
Why are you singling out Jeter as being greedy? Do you watch other sports? All sports players are over paid and arent “curing diseased or protecting the innocent.” Do you not know the details of Arod or Pujol’s contracts??
I do know their bloated and gross contracts. I just started posting here. So when I read information on other athletes who want millions of dollars to play and get insulted when the millions they’re being offered aren’t good enough, then I’ll post on here and say they’re greedy too.
Why are you singling out Jeter as being greedy? Do you watch other sports? All sports players are over paid and arent “curing diseased or protecting the innocent.” Do you not know the details of Arod or Pujol’s contracts??
The reason sports stars are paid so much is due to their unique ability to play a game at such a high level. If a bunch of average joes went to play professional baseball, nobody would watch. The stars are what people want to see, and they bring in the money for the organization.
Don’t single out Jeter for that.
Realistically, this complaint applies to every major league sports player in the United States who doesn’t play for Major League Soccer or the WNBA.
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You know your team has no heart when your captain considers 15mm a year for .270/10/67 an insult. Take the Yankees salary down to a reasonable level and they’d be fighting with Baltimore at the bottom of their division.
Cashman is the most pathetic GM in the game if he ups the 3/45 offer
Why would you offer a player more $? when you know NOBODY else is offering anything close to what you offered the first time?
Is there a rule book or any reference material to guide you through the “bidding against yourself” process?
“3:09pm: The Yankees have increased their offer to Jeter by an unknown amount, according to Mark Feinsand of the New York Daily News ”
So about $100 million or so more? :p
This story is getting old. You gave him an offer, that no one is going to come close to. Why increase your offer? You should have said here’s our offer 3/45. End of story..
To get this drama over with is my best guess on why they are doing this.
That is simply not how the Yankees operate. See Steinbrenner, Hank and Hal, Bidding Against Shadows: The Alex Rodriguez Saga (Dec. 13, 2007).
Simply put, the Yankees’ definition of playing “hardball” in negotiations is calling a player a few names in the media before upping their own bid by about 20 percent.
This situation should have been over and done with during the first meeting. Both sides know where to meet. Just do it already.
I love the “unknown amount” part.
This is called negotiating. When I negotiate a deal with perspectives I don’t ever offer what I’m willing to pay. I offer about 20-30% less. If they bite, then great. If they counter than I have a 20-30% buffer to play with. The Yanks have known for the last 3 years this day would come and that they would be overpaying considerably. If Jeter came in with an offer of 3/$60 mil w/ an option a month ago the Yanks would’ve signed him. IMO, they were willing to go $18-$20 per on a 3 or 4 year deal but began the negotiations at 3/$45 while Jeter came in around $23-25 for 5 or 6 years. If they go to 3/54 or 4/$72 then yes, they are “bidding” against themselves, but internally they are paying him what they expected to pay him anyway and it allows Jeter to save face publicly. There are obvious reasons why they are ok overpaying Jeter but were not willing to overpay Damon or Matsui.
Every dollar the Yankees give Jeter over the 3 for 45 million offer is a mistake and a wasted dollar. This man will not last as a productive SS for 3 years. He’s a shell of himself at the plate. He has zero power. He’s not taking pitches like he used to. If he continues to decline they’ll be lucky to have a .250 hitting singles hitter soon.
The 3/45 offer is a massive overpay to satisfy a man with a tremendous ego. You don’t see the ego because he carefully manages his image like Arod was unable to do, but trust me, this guy thinks he should get 6 years and 25 million per and doesn’t understand why he’s not worth it.
He thinks he built the new Yankee Stadium like Torre did before he was insulted by a pay cut and cut off his nose to spite his face.
The Yankees should not negotiate with Derek Jeter. They should hardline him into accepting that he is not the player he once was and should not be paid based on celebrity.
I feel bad for the Yankees because they are going to have to up this offer to end this ridiculous drama with a player who has not one counter offer to show the Yankees what he is worth.
I hate to hear him getting more money. For a guy who has already made 200 million not counting his advertising/endorsement dollars, he’s coming off like a greedy pig forcing the team to throw more money at him so he can act like he won something here.
After the season he just put the team through with his complete ineptness at the top of the order, he should have taken one for the team like Pettitte did when he underperformed and took an incentive laden deal.
So one bad season at the plate and we’re saying that’s it, then?
No, I’m sorry, you cannot make that assumption. If he has another bad year offensively this year, then fine. Until that happens, I’m sorry, the claim is no good.
At a premium position like shortstop defense usually outweighs offense and Jeter is notoriously sub par in that department.
Fanatic,
I agree with you in a sense. I don’t think Jeter is done. I just don’t think he has more than 3 years as a starter in this league left.
When you look at his production over the past 3 years he’s not a 20 million dollar player. 2009 he was excellent, but in 08 and 10 he was not the same offensively.
Even at his best stats he’s not a 20 million dollar player in this market. He’s holding up the Yankees because he’s famous and believes he’s the face of the team and puts fans in seats.
I don’t agree with it. His fame is a byproduct of the excellent teams the Yankees have surrounded him with over the years. He didn’t do this by himself.
Mariano Rivera had a lot to do with the Yankees success too but you don’t see him acting like a prima donna.
Why can’t they just build in higher than normal incentives based on obvious the milestones he’s approaching instead of giving him a base salary he doesn’t deserve?
I agree Jeter Defense sucks, yes I here he gets to the routine balls, so do I , in our Beer Belly Softball League. Gold Glove is just a joke. If i am the Yankees. I tell him to check what is out there.
He is at the age of one year contracts. . There not a MLB Player, wants to play for the Yankees, unless they get overpaid!
i personally don’t have a problem with the anual amount because apparently the Yanks have alot of loot…what i have trouble with is the guaranteed years…i wish they had signed him for 1 year 20 mill with deferred pay of 5 mill a year for 5 years…it’s the same 45 mill…but it allows the Yanks to get better and younger next year if the possibility presents itself…but the Yankees seem to want to risk not making the playoffs for the love of this one player…if he declines,which i believe he will…he will be a major liability in the field and at the plate…and his ego and contract will be a major handicap…
More money/per year? Hell no, he’s getting more than enough already.
I’d be willing to accept having to give him 4 years if necessary, though.
Yankees and Jeter will settle at 4yrs 76mil… Jeter will hold out and the Yankees will give in… From what I heard Jeter wants more years and to not take a pay cut… Now he made 21M in 2010… But the average value of his 10year contract was 18.9M a year… So bump that up to 19 a Yr and add 1 more year and Jeters pride will allow him to take it…
Otherwise this will drag on and when Jeter finally does resign he will not be happy with the Yankees.
It’s absolutely pathetic, mrmoss, if the Yankees increase their offer that’s already too high and too long and already will make it harder to compete with well run teams in 2012 and 2013, if not before.
I can’t wait for the same biased journalists who are blasting the Yankees for not paying Jeter enough for his “icon” status now (like Heyman and Rosenthal and Lupica) begin blasting them for being idiots for bidding against themselves after the contract is signed.
Truly pathetic….
Everytime I read an entry where the Yankees are upping their offer to outbid themselves, I can’t help but think what a mockery they are making of our game. Jeter is not worth that much to any team, he had a horroble 2010 and is not even in the top 10 for shortshops in MLB.
For that kind of money, the Yankees could sign Adrian Beltre to play third and move A-Rod back to Short which would be a HUGE improvement on the left side of the field. Beltre hit .319/28/102 which is a hell of a lot better than Jeter’s .270/10/60.
If you were going to pay someone $15M-$20M a season, who would you rather have?