Just a few morning-after notes to consider about the new Derek Jeter contract.
• Joel Sherman explained in detail why Jeter’s new contract counts as $12.81 million toward the luxury tax threshold, and why picking up the option would have counted as $10.75 million. Shows how complicated this stuff can become. Sherman’s numbers are the same figures that Mark Feinsand heard. I never got exact totals, was only told late in the day that the new deal absolutely would not save the Yankees any money toward their $189 million goal.
•There seemed to be some confusion on this point yesterday, and that’s probably because of the conflicting reports about whether the Yankees were saving money or paying more toward the luxury tax threshold: A source I talked to made it clear that the Yankees never intended this as a contract to save money toward the luxury tax. They weren’t trying to do that, they were simply showing good faith toward Jeter and wanting to get a deal done to avoid any sort of awkward negotiations.
• David Waldstein explained that part of the confusion about how much Jeter’s new deal would count toward the $189-million goal had to do with whether the new agreement would be considered an entirely new contract or simply an extension of the old contract.
•Erik Boland points out that, even with Jeter under contract, the Yankees are still showing interest in Stephen Drew and Brendan Ryan. That said, the Yankees are also planning to have Jeter at shortstop.
• The Associated Press naturally has the incentives in Jeter’s new contract: $4 million bonus if Jeter is voted Most Valuable Player and $2 million if he’s second through sixth in the balloting. He would get $1.5 million if he wins a Silver Slugger Award, $500,000 for the league championship series MVP, $500,000 for the World Series MVP and $500,000 for earning a Gold Glove.
Associated Press photo