The LoHud Yankees Blog

A New York Yankees blog by Chad Jennings and the staff of The Journal News

Rivera and Jeter: Dotting the I and crossing the T

Posted by: Chad Jennings - Posted in Misc on Dec 04, 2010 Print This Post Print This Post | Email This Post Email This Post

ALCS Rangers Yankees BaseballStill waiting for some sort of official word from the Yankees about Derek Jeter and Mariano Rivera. As you can probably tell, on-the-record comments are tough to come by at this point, and it will probably stay that way until the signings are official.

The deals may include deferred money, which could obviously help the Yankees make their push for Cliff Lee and secondary pieces.

It also seems the Yankees got creative with Jeter’s fourth-year option, though just how creative remains unknown. The latest from the AP doesn’t include a lot of new information, but this is where we stand right now. At this point, it’s largely a waiting game for the signings to become official.

NEW YORK (AP) — Derek Jeter and the New York Yankees are near an agreement on a three-year contract that would contain an option for 2014.

The deal would include deferred money and average between $15 million and $17 million, a person familiar with the negotiations told The Associated Press on Saturday. The person spoke on condition of anonymity because no announcement has been made.

Jeter’s agent, Casey Close, and the Yankees negotiated late Friday night and early Saturday. The person said “substantial progress” had been made and it was possible an agreement could be reached later Saturday.

The person described the option as “creative” and said the sides had spent much time working on its structure.

Although negotiations with Jeter moved slowly last month, there is little doubt the Yankees captain will remain in pinstripes.

Coming off a $189 million, 10-year contract, Jeter initially had been offered a $45 million, three-year deal.

New York also was in the process of finishing a $30-million, two-year contract with closer Mariano Rivera that also would include deferred money.

Associated Press photo




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