There has been a lot of Jeter stuff going up in the last few days, but that is to be expected when the Yankee captain is putting together an MVP type season. Mark Feinsand chimed in with the latest, on Jeter’s contract situation:
Jeter’s contract is up at the end of 2010, and his situation will be a very tricky one for the Yankees. It’s hard to imagine him taking a huge pay cut, especially when you consider the MVP-type season he’s having this year. But his 10-year, $189 million deal was signed in the one year when salaries were at their all-time highest. Is he worth more than $20 million a year at age 37 and beyond?
At the same time, it’s virtually impossible to imagine him in another uniform. I can’t help but think that as much as the Yankees need Jeter to be the face of the franchise, Jeter needs the Yankees just as much. Seeing him finish his career in another uniform would just be strange. He’s talked about how special it is to play his entire career with one team – the one he grew up rooting for, no less – so I have to assume they’ll figure something out.
How long will Jeter play beyond 2010? He doesn’t seem to have any set plan, and as far as I can tell, he’ll take it year by year and see how his body feels, how he’s playing and how much fun it is for him. Unlike some players of the past that hung on way too long, Jeter has more money than he’ll ever need and he’s already got his championships….
Jeter’s future will be a very hot topic next season unless the Yankees get him signed to an extension before he becomes a free agent. He’s not thinking about his next contract any more than he’s thinking about retirement, but at some point down the road, he’ll have to figure out just how long he wants to continue playing the game.
I have no idea what kind of contract Jeter is going to get, although I would probably propose something like 3 years, 54 million, with a mutual option for a 4th at 16M. Jeter deserves the money, and quite frankly, there is absolutely no way that the Yankees let him go anywhere. Furthermore, his performance defensively this year suggests that even if he declines at the plate, he will no longer be killing the Yankees in the field. I think there is a better than zero shot that he approaches 54 million in value over that term, and his status as a Yankee icon makes any overpayment worth it.
Additionally, I would like to focus on Feinsand’s last paragraph.J eter is probably going to want to discuss an extension this offseason. He will be coming off a great year, and the team may want to avoid a year of stories about bringing him back after each slump. They know they are going to have to pay him anyhow, and this is actually a better financial market for the team to claim that times have changed and infielders dont get 20 million anymore. It makes sense for both sides to get an extension completed in the offseason. Get it done, Cashman.
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