Derek Jeter, perhaps baseball’s most recognizable player, is a free agent. The New York Yankees want him back in pinstripes, however the contract negotiations will be tricky for both parties. The 37-year-old shortstop is coming off of a $189 million, ten-year deal that paid him $21 million in 2010.
According to reports, the Yankees latest offer to Jeter is for three seasons and $21 million per season. Jeter, on the other hand, reportedly wants a deal closer to six seasons.
The truth is that Jeter’s true value, based just on his baseball ability and age, is around $10 million a season. He’s coming off of a relatively poor season and there’s little reason to believe he could ever become a truly dominant player again.
That said, he’s the most popular player on the Yankees; the fans would be outraged if Jeter were to leave town. However, the Yankees also have leverage because Jeter needs New York to continue making tons of money in sponsorship deals.
We’ll keep you updated on what will certainly be fascinating negotiations between Jeter and the Yankees.