Wednesday, December 8, 2010

Jeter contract becomes official

So it is written, so it is done. The Yanks have called a presser at 2:30pm today in Tampa to announce the signing of Derek Sanderson Jeter. [Click here for the presser takeaways.]

MLBTR has the latest details on the deal:

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.

Yankee For Life?

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