Something in the neighborhood of a six-year contract that pays Jeter around $22MM per year (a nod to his uniform number) might be a total more to the liking of both parties. Jeter gets a slight raise from his previous contract, is locked up until he’s 42 years old, and is amply rewarded for his contributions to the team while still leaving the Yankees with a bit of flexibility to sign other players (like, for example, fellow Yankee legend Mariano Rivera, whose deal is also up after 2010)
Polishurk labels this as a reasonable contract after reading Tyler Kepner’s quote:
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After Rodriguez defied the Yankees and opted out of his contract in October 2007, the Yankees talked tough but eventually gave him what he wanted: a 10-year, $275 million contract that locks him up through his 42nd birthday.