[Here’s a guest post from IIATMS reader @Jerktweets which explains the new Derek Jeter deal a lot better than I ever could.] Earlier today, it was announced that Jeter has been signed to a new 1 year/12 million dollar deal by the New York Yankees. We all know that the 189 million dollar luxury tax payroll limit has been a big issue. So how exactly does Jeter’s new deal affect the payroll? Technically, Jeter was still under contract this offseason as part of his original three-year deal. The deal was structured so that he was paid 15, 16, & 17 Continue reading Capology: Jeter’s new contract
There’s two things I hope the Steinbrenner brothers learned this off-season. First, Brian Cashman knows a lot more about baseball than Randy Levine does. Secondly, professional sports is a business, and sometimes it can be a very cold, hard, business. Introducing sentimentality into your decision making process for no reason is a recipe for disaster, and that’s why they jobbed themselves by giving Derek Jeter $51 million over the next three years with a player option for a fourth.
Without dredging up too many details from the contentious negotiations, suffice it to say that the Yankees agreed to pay Jeter a much larger amount of money than they had to. They were always going to give him some kind of “legend premium,” but they ultimately went well above that considering the total lack of any competition in the marketplace for Jeter’s services.
Not that I want to get into yet another argument about how much Jeter “deserved” to be paid, but here’s my question; what exactly did the Yankees get in return for overpaying Jeter by such a large amount? Jeter obviously wasn’t happy about the deal, and didn’t hide that fact whatsoever. Heck, he wouldn’t even thank them by going to Orlando to do a press conference during the Winter Meetings, instead demanding everyone come to him in Tampa (insert “imagine if A-Rod did that” meme here). It sure didn’t save them any drama during the negotiations. As far as I can see, the only thing they got is an overcommitment they didn’t have to make to an aging icon who simply isn’t playing very well these days.
This isn’t a statement on Jeter or his career by any means. He’s a Hall of Famer and certainly had every right to try to get as much money as he could. But he also had basically no leverage whatsoever in the negotiations. Hopefully they’ve learned their lesson about giving big contracts based primarily on sentiment or intangibles. Continue reading What did Yanks get for Jeter’s contract?
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® Continue reading Jeter contract becomes official
(The following is being syndicated from The Captain’s Blog). Derek Jeter’s contract negotiations have easily been the most widely discussed topic in Yankeeland, despite there really not being much news to report. For some reason, several media types have used the off-season lull to repeatedly denigrate Jeter to the point of portraying him as a charity case (e.g., Joel Sherman’s “I am Derek Jeter, pay me” scoff in today’s New York Post). One hopes this sentiment is merely an example of the human condition’s disposition toward kicking a man when he is down, and not evidence of the Yankees’ brass negotiating Continue reading A Look Back at Past Contract Talks Between Derek Jeter and the Yankees
I sure hope this doesn’t go on every… single… day… until this is resolved. So rather than get into each individually, here’s your daily round-up of all Jeter pontificationnessitude. Proceed at your own risk.
- Agent: Derek Jeter has huge value
- The smart way to pay Derek Jeter
- Yankees can’t afford to let Jeter leave
- Jeter agrees with Yankees: This is business
- Yankees not sure where Jeter talks will lead
- Jeter’s camp agrees: Talks with Yankees all business
- Jeter staying with Yankees will benefit both sides
- Jeter’s agents adds his two cents
- Lupica: It’s game on between Jeter, Yanks
- Agent goes to bat for Jeter
- Steinbrenner: Yankees’ payroll will ‘stay within the same level’
- A Possible Issue: Days Off for Jeter
- Agent on Derek Jeter: ‘(His) Impact Cannot Be Overstated’
- Report: Agent goes to bat for Yankees captain Derek Jeter
- Talks between Jeter and Yankees already looking problematic
To put a bow on this stuff, have a read of what Ben (at RAB) had to say here or what we said here on Tuesday… or what we’ve been saying on this subject for two-plus years.
Buckle up, there’s plenty of time to beat this into a pulp. Continue reading The Jeter-Contract flaggelation continues
This has been the source of endless discussion in the Yankee Universe—what will the Yankees do with Jeter? It’s kind of a ridiculous question because everyone knows the Yankees and Jeter will work something out, and they’ll do it this off-season when they do it with everyone else. It will get done, but what would you give Jeter? Well, I’ll discuss my thoughts.
I’m not a sentimental person. My mother says I don’t have a sentimental bone in my body. This is especially true when it comes to baseball. I’m bummed that Chipper is out for the season and will lament his retirement a year or so from now, but life will go on. I was completely on Wren’s side when he let Smoltz go to Boston and released Glavine, and I actually advocated not touching them at all during the previous off-season. So, when it comes to players (even like Jeter), I’m not a huge fan of the “franchise” treatment wherein the most popular player gets special treatment. Why? Because the guy giving out that contract isn’t evaluated on how nice he is. He’s (anyone else find it mildly disturbing that I can use the masculine pronoun here? Still no women GMs) evaluated on the team’s W-L record, and to get to the best record, sometimes they have to drop the player because he’s too old, too injury prone, or in a decline. Fans don’t like it, but they don’t like it even more when the team loses.
But I don’t mind a little special treatment. I wanted the Braves to offer Smoltz and Glavine $2-3 million contracts and leave it at that, but if they hadn’t been who they were, I would have just said to get as far away as possible (see Hampton, Mike). Jeter is actually in a much better place. He’s still a valuable player and worth a contract, so I will advocate that he’s treated a little better than some. I don’t think he’s owed that treatment because he’s made a lot of money by being where he is and wouldn’t have made more elsewhere, but because there is a tangible fan reaction, it has to be accounted for. So let’s try to keep this in mind as I work on what a fair contract for Jeter is—it won’t be sentimental, but it should be more than fair.
click “view full post” to read more Continue reading Jeter’s Contract … Again … But This One’s “Fair”
I recently had a conversation with Mike Silva about this issue on Twitter, and he wrote it up over at NYBD. I was hoping for some more opinions on the issue: Essentially Moshe and I were discussing how, in his words, “Jeter’s contract negotiations are going to be a total disaster. Epic.” The Captain is going to want between $18-$20 million per year, perhaps for as much as four years, and he clearly is not worth that investment. Even if you are in the camp of paying for past performance Jeter has raked in $205 million dollars to date. Does Continue reading DIscussion: Derek Jeter's Next Contract
Amid the ongoing struggles of Alex Rodriguez and Mark Teixeira it has been convenient to overlook Derek Jeter‘s poor performance at the plate. TYU has been all over this (and deserve credit for helping inspire this post), but few if any analysts have pointed out that Derek’s current wOBA of .337 would be the lowest for his career since he first debuted in 1995. His career mark is .374. Broadly put, Jeter is having a bad year because he is walking less than usual and has the lowest BABIP for any season of his career, ever. At the moment Jeter’s Continue reading Derek Jeter in his contract year
Today in Tampa, Derek Jeter met with the media to discuss the new year and, of course, his looming free agency was the dominant topic of conversation. As was expected, Jeter brushed the issue off as a possible distraction and affirmed his desire to be a Yankee for the duration of his already impressive career. “This is the only organization I’ve ever wanted to play for,” Jeter said. “That’s still true today. I was a Yankees fan growing up, and this is where I want to be. I’ve never envisioned myself playing anywhere else, and hopefully I don’t have to.” Continue reading Jeter not worried about his contract situation (and he shouldn’t be)