Sunday, December 5, 2010

Derek Jeter, Yankees Reportedly Agree to 3-Year Deal

It appears as if the Derek Jeter saga has finally come to an end after a lengthy -- and public -- series of negotiations, as the future Hall of Fame shortstop and the Yankees have reportedly agreed to a three-year contract worth between $15 and $17 million per season.

The two sides had been for apart for much of the offseason, with the Yankees unwillingly to offer a contract longer than three years for the 36-year-old shortstop. Jeter had reportedly wanted a contract of four years or more. The two sides finally started to make progress on Friday.

According to the New York Post the contract contains a "tricky" option year that isn't a vesting situation or a club option, but will be determined by what happens over the first three years of the contract.

Jeter, one of the greatest Yankees ever, is coming off what was the worst season of his illustrious career, finishing with 10 home runs 67 runs batted in and a .710 OPS -- his lowest mark over any of his 15 full seasons in the Major Leagues.

On Thursday the Yankees locked up another of their longtime stars, signing closer Mariano Rivera to a two-year, $30 million contract.

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