An important step in the negotiations between the Yankees and free agent Derek Jeter has been reached - according to Jon Heyman, the Yankees have increased their offer, while Jeter and agent Casey Close have backed off slightly from their previous demands.
Derek Jeter Contract Negotiations Proceed As Yankees Increase Offer
Initially, the Yankees came at Jeter offering three years and $45 million. Jeter and Close, in response, indicated that they’d prefer a longer contract worth something along the lines of $22-24 million a year. There was an enormous gulf between the two parties, which made headlines across the country.
Even so, though, there was an air of inevitability surrounding the talks - that, eventually, Jeter and the Yankees would reach an agreement. And so the fact that the Yankees bumped their offer while Jeter lowered his request is just part of the path towards a certain destination. The Yankees will sign Derek Jeter. It’s just a matter of for how long, and for how much.
It seems the likely end to all this is that Jeter signs a three-year contract worth something like $17-18 million a year. A fourth-year option for 2014 is a possibility.
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