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 and is co-host of the It's About The Yankees, Stupid podcast. When she's not blogging about baseball, she's blogging about the New York Knicks and when she's not doing either of those things, she's tweeting about General Hospital and her cats.