Saturday, December 4, 2010

Jeter, Yankees Finally Agree

UPDATE (12/4/2010 @ 6:20 p.m.):  Jack Curry has some news on the much talked about fourth year option.  It's a player option that guarantees Jeter $8M, and has incentives that can max it out at $17M.  In the event Jeter declines the option, he'll need to buy out his contract for $3M.  Very interesting contract indeed.

5:04 p.m.:  Mark Craig of the Newark Star-Ledger tweeted that the Yankees and Jeter have finalized the deal.  Jon Heyman of Sports Illustrated concurs with this report.  The deal will be for 3 years at $17M per year with an non-guaranteed fourth year.  The deal is pending a physical.

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