Quick hit: Jeter re-signed for 2014

The Yankees just announced that Derek Jeter has signed a one-year/$12 million contract for the 2014 season. This would be considered a raise given the $9.5M player option he could have exercised. I guess the Yankees liked what they saw in the 17 games Jeter played last season. Maybe someone spiked someone’s drink and led them to make this decision? Or maybe there’s a monetary thing I don’t know about because I’m awful with contracts, numbers and math. I’m going with option # 3.

Update: Paying Jeter more will actually save the Yankees money under the limit.

Stacey is co-Editor-in-Chief of It's About The Money, co-host of the It's About The Money, Stupid podcast and is a monthly contributor to ESPN's SweetSpot Blog. She is a former contributor at Aerys Sports and High Heat Stats. She has contributed to group projects at Baseball: Past And Present and the Hall of Stats. Her work has appeared in USA Today's Sports Weekly and most recently, she wrote four pieces for Derek Jeter: Celebrating the Yankees' Captain Clutch, a magazine printed by i5 Publishing.