Done: Derek Jeter, Yankees agree to three-year contract


UPDATE: Jack Curry of YES Network has the contract details. He reports that Jeter’s deal is worth $51 million guaranteed over three years. Interestingly, the deal includes a player option for a fourth year worth $8 million where he would have the chance to earn an additional $9 million in performance-based incentives.

And so, if Jeter exercises the player option, he will be guaranteed $56 million. The $51 million total mentioned above includes a $3 million buyout in the event that Jeter declines the option.

4:34 PM: We’re right back where we expected to be.

While negotiations went a little rockier than we originally thought they would, the Yankees have finally agreed to a new three-year contract with Derek Jeter, according to Jack Curry of YES Network. Jon Heyman of hears the same.

Jeter will make between $15-17 million per season and the fourth year option will not be guaranteed. The contract is pending a physical.

And so, the Yankees did give in a little bit from their original offer, but not by much. Good for them. I’m already waiting for a columnist to say that Jeter took a paycut before the winter meetings in order to help the team make room on the payroll for Cliff Lee and/or Carl Crawford. He’s a real team guy, don’t you know? Ah well, whatever it takes to keep his iconic status intact. Jeter is right back where he belongs and all the negative stuff we’ve read over the past couple of weeks will be forgotten by spring training. It was a fun ride, though.

A’s sign Brett Anderson to a minor league deal

Getty Images

Susan Slusser of the San Francisco Chronicle reports that the Oakland Athletics have agreed to a minor league contract with Brett Anderson.

Anderson, you’ll likely recall, began his major league career with the Athletics in 2009 and pitched for Oakland through 2013. He had some success in Oakland, being named the Opening Day starter one year, but injuries have mounted for the lefty over the years. The last season in which he was healthy all year was 2015 in which he made 31 starts for the Dodgers. Last year he posted a 6.34 ERA and a 38/21 K/BB ratio in 55.1 innings across 13 starts for the Cubs and Blue Jays.

Organizational depth at worst, a veteran arm to eat some innings if things go well and a potential midseason trade chip if he enjoys a resurgence of health and a little bit of luck.