Derek Jeter smiling

UPDATE: Yankees on verge of deal with Derek Jeter

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UPDATE: We’re still hearing it’s a three-year deal worth between $15-17 million per season, but here’s a little more on the fourth year.

A source tells Marc Carig of the Newark Star-Ledger that the fourth year will include a combination of guaranteed money and compensation that will also be tied to incentives. Described as “very unusual” by the source, the two sides are still “tweaking” the structure of the fourth year, which appears to be the final hurdle before this one becomes official.

Carig writes that negotiations could be completed as soon as tonight, but that an official announcement may not come until next week’s winter meetings.

11:32 AM: Jack Curry of YES Network reports that both Derek Jeter and Mariano Rivera have agreed to defer money as part of their new contracts.

10:25 AM: Jon Heyman of SI.com hears that Jeter’s new contract is “for around” $16 million per season and may be finalized by as soon as today. He adds that “final hurdles” will determine how the fourth year will be treated. Meanwhile, Ken Rosenthal of FOXSports.com writes that it will be a three-year deal worth between $15-17 million per season. Interestingly, he hears that a fourth year will not be guaranteed, nor will it be a vesting option, however it will be something called a “creative, hybrid solution.” Stay tuned.

8:37 AM: While most of us were sleeping, Sweeny Murti of WFAN.com tweeted that Derek Jeter and the Yankees were talking about a three-year contract worth $51 million (less than last night’s reported numbers) which would include an option for a fourth year valued at $10 million. He reports that the two sides are getting “very close.” I imagine it was the Rod Barajas contract that gave Jeter the leverage he needed.

In any case, it sounds like an agreement could be reached at any moment, so stay tuned for the latest.

Friday, 11:25 PM: It’s almost over.

Roger Rubin and Bill Madden of the New York Daily News report that the Yankees could reach a deal with Derek Jeter by as early as tonight or Saturday.

No surprise, both sides compromised from their initial demands. According to the report, Jeter would make somewhere “in the neighborhood” of $19 million annually over three years and the contract could include a vesting option for a fourth year with “reachable parameters.” Gee, it’s almost like this whole thing has been scripted.

Sweeney Murti of WFAN.com hears similar contract details and adds that the Yankees are “working into the night” to get a contract done. It sounds like they want to get Jeter and Mariano Rivera out of the way before the winter meetings begin next week.

CC Sabathia wants to pitch beyond 2017

BOSTON, MA - SEPTEMBER 18: CC Sabathia #52 of the New York Yankees pitches during the fifth inning against the Boston Red Sox at Fenway Park on September 18, 2016 in Boston, Massachusetts. The Red Sox won 5-4. (Photo by Rich Gagnon/Getty Images)
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CC Sabathia‘s contract with the Yankees expires after the 2017 season but the lefty feels that he has enough left in the tank to pitch in 2018 and beyond, Mark Feinsand of the New York Daily News reports.

Sabathia said, “I just know myself. I know I feel like it’s not my time yet. Barring any crazy injuries I know I can pitch past next year. I feel like this is just the beginning of what I’m trying to do. I feel like there’s a lot more still to learn and a lot better to get. It’s exciting.”

The 36-year-old lefty currently holds a 4.02 ERA and a 144/63 K/BB ratio in 172 1/3 innings. It’s his best and healthiest season since 2012. He battled a knee injury last season and checked into rehab for alcohol addiction last October. Sabathia said that being treated for his addiction put him “in a good spot.”

Sabathia is owed $25 million through a vesting option for the 2017 season.

Red Sox lose on Mark Teixeira’s walkoff grand slam, but still clinch AL East

NEW YORK, NY - SEPTEMBER 28:  Dustin Pedroia #15 and pinch runner Marco Hernandez #41 of the Boston Red Sox celebrate after both scored in the eighth inning against the New York Yankees at Yankee Stadium on September 28, 2016 in the Bronx borough of New York City.  (Photo by Jim McIsaac/Getty Images)
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The Red Sox can thank the Orioles for not having to fight to clinch the division on Thursday or later. The Orioles came from behind to defeat the Blue Jays 3-2 on Wednesday evening, clinching the AL East for the Red Sox.

A few minutes after that game went final, the Red Sox squandered a 3-0 lead taken in the eighth inning, culminating in a walk-off grand slam by Mark Teixeira in the bottom of the ninth inning. Closer Craig Kimbrel started the ninth, but didn’t have control over any of his pitches. He allowed a leadoff single followed by three consecutive walks to force in a run. Joe Kelly relieved Kimbrel and seemed to be close to wriggling out of the jam, getting Starlin Castro to strike out looking and Didi Gregorius to pop up. But after starting Teixeira with a first-pitch curve ball for a strike, Teixera clobbered a 99 MPH fastball, sending it over the fence in right-center to end the game.

For the Yankees, the come-from-behind victory was crucial as it staved off Wild Card elimination for one more day.

This is the first time the Red Sox have clinched the AL East since 2013, also the last year they won the World Series.