So, according to Wally Matthews, the Yankees plan on offering Derek Jeter $45-60MM. Now that we have that information, let’s assume (I know, not always a good thing to do) that it’s correct and see if we can hammer out this contract ourselves.
Let’s start off by just getting it out of the way: for the market, Derek Jeter is going to get overpaid in both years and money. I guarantee that no other team would over him more than 2/$30 and that’s being a bit generous on the price. Hell, I don’t know if any team would even go 2/$24-25. But, the Yankees are likely to take care of Jeter, so let’s roll with that.
The low is, apparently, $45. I’ve said before that I want a two year deal, am comfortable with a three year deal, and could swallow a four year deal. There’s no way in hell Jeter’s going to take a four year deal worth “only” $45. $45 over three years is $15M a year. That is something I could definitely live with. It sets the balance, I think, between cost and years. Hell, I think I could be easily convinced to up the cost to $50 for three years. But, at the same time, I don’t know if Jeter will take that pay cut. He’d still be making anywhere from $15-16.67 a year under those scenarios–which I think are more than fair, but Derek may think otherwise.
Assuming $60 is the max, I’d almost want a two year deal. Yeah that’s a massive contract and there’s no way in hell Derek Jeter is worth that much money, but at least it would be for only two years. I think what I just wrote is crazy, and it is. However, I think that’s the only way Jeter would sign a two year deal. $60 over three years is still a lot at $20 a year, which is more than he made in his previous contract. Over four years, it’s $15 a year.
The answer obviously lies somewhere in here, but the Yankees do need to set two limits. One is a limit on years and the other is on money. I think they’d be more willing to bend on the money (don’t mind me; I’m just projecting my thought process onto Hal, Cash, & Co.) than years, but some proverbial lines in the sand need to be drawn.
In terms of years, the Yankees should not be willing to go past four. In terms of money, they should not be willing to go past the $60-65 range. Anything over that would be exorbitant, even for Derek Jeter.
No matter how the negotiations for this contract go, someone is likely to look bad. The Yankees will perhaps be perceived as stingy and disrespectful if they set such limits as the ones I briefly outlined above (they should still do it) and Jeter risks negative PR if he rejects even one legitimate offer, thus coming off as greedy.
I have faith in both sides getting a fair deal done…eventually.
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