Derek Jeter limping into leverage
August, 19, 2013
By Buster Olney | ESPN Insider
Harry How/Getty ImagesHe might seem like more of a symbol than a player, but Jeter's presence is valuable in New York.BOSTON -- The last time Derek Jeter’s contract expired, in the fall of 2010, the Yankees held the negotiating hammer.
Jeter had turned 36 just months before and was coming off a middling type of season relative to his career performance, with his on-base average dropping from .406 in 2009 to .340 in 2010. So when Jeter looked for a significant deal, the response from Yankees general manager Brian Cashman was, in essence: Go ahead and try to find a better offer than what we’re willing to pay you, because it doesn’t exist.
Jeter wound up making a deal for far less than his side had aimed for, although nobody is suggesting the shortstop will starve based on his recent wages: $14.7 million in 2011, $16 million in 2012 and $17 million this year.
Now Jeter holds a player option for 2014 that would be for $9.5 million -- or he can take a $3 million buyout and blow up that option year. It might make sense for him to do this, because this time around, Jeter appears to hold significant leverage.