Derek Jeter’s contract offer from the New York Yankees was not what he was looking for. Jeter and his team want a contract that runs in duration for around five or six years, making anything less than that something they aren’t interested in hearing about at this time.
According to ESPN, the Yankees offered Jeter a three-year contract for $21 million, meaning he would make around $7 million per season. To put that in perspective, Jeter is coming off of a 10-year contract at $189 million that paid him $21 million in the 2010 MLB season. It seems like this would be a huge pay-cut, and not something that Jeter would be interested in taking. A source to ESPN told them that he is looking for five or six years in a new contract, at minimum four years.
It’s hard to put a monetary value on what Jeter brings the Yankees, or what he has brought them over his entire career. Jeter has five World Series rings as a member of the team, and this roster is looking to contend again in the 2011 season. He is still one of the most popular players on the team, is still the captain of the Yankees, and hasn’t expressed interest in playing for another team. He knows all of these things, making him less likely to take a huge pay cut when he knows what the emotional value is that he brings to the team.
The Yankees are faced with a potential public relations nightmare if they do this wrong, especially if they force Jeter’s hand and he decides to sign with another team. He is popular enough that another team may step in and offer him a contract comparable to what the Yankees are offering, but there is also the chance that someone would do it just to spite the Yankees. Now they have to figure out just how much they are willing to pay in a yearly salary, and how long they can afford to have him on the books.
Jeter is already 36 years old and is now coming off of one of his worst seasons in baseball. He hit only .270 with 10 home runs and 67 RBI in 2010, but he did win another Gold Glove at shortstop. He now has 15 years of experience under his belt, and will pass the 3,000-hit mark in the 2011 season. He is already the all time leader in hits for the New York Yankees, and soon he could be making his way up the all time list for all of baseball.
Get prepared for this to be a long winter between Jeter and the Yankees, though, because he thinks he is worth way more than the Yankees are offering, and the Yankees are finally looking to cut costs.