New York Yankees have officially announced that 36 year old star shortstop Derek Jeter, has signed a three year, $51 million contract to stay with the team through the 2013 season. The maximum Jeter could earn would be $65 million as a fourth year, incentive-based player option that has been added to the contract based on Jeter's performance over the first three years.
This deal comes on the backside of a great speculation about Jeter's future with the team and extensive negotiations between Jeter's agent, Casey Close, and the Yankees front office led by Hank Steinbrenner and Brian Cashman.
Jeter's negotiations with the team were tenuous and often tense since the end of the 2010 season. After initially requesting a larger deal that the final ...
Read Full Article at Bleacher Report - New York Yankees
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