The old “someone familiar with the talks” angle is active again, this Friday evening:
Day-long negotiations between the Yankees and star shortstop Derek Jeter have yielded “substantial progress,” according to someone familiar with the talks. The sides could agree to terms on a new contract as early as Friday night or Saturday, the person said. [...]
The sides are believed to now be in the neighborhood of $19 million annually. Jeter averaged $18.9 million over the 10-year deal that expired at the end of this season.
The source said it is still unlikely that the Yankees will offer Jeter a guaranteed fourth year, but may have agreed to a vesting fourth year with reachable parameters.
If you’re going to overpay, keep the number of years short. I thought $15m/yr was a solid, fair proposal but I have also been saying for a while that the extra $5m or so it might take to “show the respect” would not be a meaningful point to argue long term. If this deal winds up being something like 3 years, $57m (+$3m buyout and attainable vesting 4th year), so be it. It’s right where I predicted two weeks ago. It’s miles ahead of “fair market” and there’s enough genuflection to salve Jeter’s ego (Yankee For Life?). Perhaps I’m just fed up enough to not care that much at this point. I just want this to be done so we can better focus on the rest of the Hot Stove season and how we can get all our goodies in within our budget.
For all, and I mean ALL, of the Jeter contract melodrama, check here. We’re pretty tapped out.
Keep your eyes peeled for the white smoke out of the chimney.
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