Potential Jeter deal: three years, $45 million?

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That’s what Joel Sherman is floating in this column.  The overall thinking is fairly sound: the Yankees will overpay what he’s really worth to some degree because it would be embarrassing for everyone involved if some other team made a competitive offer, but they’re not going to do what a lot of us figured they might do a few months ago and try to make this into an A-Rod-Lite kind of contract. That thinking, of course, was based on the notion that Jeter’s 2010 would look a lot like his 2009: highly effective and age-defying. And that certainly didn’t happen.

I think the $45 million line is a safe one, by far. I can’t think of a single team not named the New York Yankees who would believe that Jeter brings anything close to that kind of value to the table, even if the deal specifies that Mystique and Aura get their own hotel suites on road trips.  This isn’t the “oh noes, the Yankees have to keep Jeter!” world we thought we’d be living in a few months ago. Now it’s simply a matter of him being more valuable to the Yankees than anyone else, and the need for everyone to resolve the situation with dignity intact.  That shouldn’t be too hard, and I’d be shocked if a deal wasn’t done by December 1st.

Giants, Cardinals reportedly have offers on the table for Giancarlo Stanton

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We’re entering what is typically one of the slowest news weeks in the baseball calendar. Occasionally some big free agents sign around now. For example, it was 20 years ago today Andres Galarraga signed with the Braves, and I still remember being in an airport on the way home to visit my parents when I heard the news. I’m an old man.

The biggest news that is likely to happen this offseason is Giancarlo Stanton being traded. That hasn’t happened yet, but here are the latest bits of news on that:

Jon Morosi of MLB Network reports that the Cardinals have made a formal trade offer to the Marlins for Stanton. No word what they’re offering, but the clubs have been in discussion for some time and it has been reported that the Marlins are the most interested in doing a deal with St. Louis due to the prospects they could send to Miami. There is a sense, however, that Stanton would be hesitant to approve a trade to the Cardinals because he prefers to play on the West Coast;

The Giants play on the west coast, and over the weekend they were reported to be the “most aggressive team” in trade talks for Stanton at the moment. Ken Rosenthal reports that the Giants have likewise made an offer. Their farm system is nowhere near as stocked as that of the Cardinals, so it’s unclear whether they have the prospects to make Miami happy. They could, of course, eat a lot of Stanton’s $295 million contract to make up for that, of course, but (a) doing so would put them over the luxury tax; and (b) the Marlins no doubt want to spur a rebuild with a Stanton trade, so if they can’t get some blue chip prospects back in return, what’s the point?

UPDATE: Who knows if this is anywhere close to enough — I’m guessing not — but this is what the Giants reportedly have on the table:

Anyway, that’s where we are as we begin Thanksgiving week.