Derek Jeter, Yankees agree to reworked contract for 2014

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Derek Jeter and the Yankees have agreed to a one-year, $12 million contract for 2014.

On one hand that represents a $5 million paycut from this season, when Jeter missed all but 17 games and wasn’t effective when in the lineup. On the other hand his old contract included a $9.5 million player option for 2014 and he’s getting a nice $2.5 million raise on that.

There was obviously never any chance of Jeter playing for another team and a couple million dollars means little to the Yankees, but it’s an interesting little series of events considering he was injured for nearly the entire season and is 40 years old. By tearing up the 2014 option and agreeing to a reworked deal the Yankees avoid some luxury tax ramifications tied to the average annual salary of his old contract. So this costs the Yankees more money in salary, but saves them some money in luxury tax payments.

Daniel Murphy had microfracture surgery on his right knee

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The Nationals announced today that second baseman Daniel Murphy had surgery on his right knee. The surgery: a debridement and microfracture procedure, which is pretty major.

The team’s comment about Murphy’s prognosis makes it sound major too: “rehab will begin immediately and will progress throughout the offseason.” No timetable. Just that it “will progress.” Well, I’d hope so. Let’s see if he’s ready for spring training.

Murphy hit .322/.384/.543, hit 23 homers and knocked in 93 RBI. Assuming he’s ready for the 2018 season, he’ll ply his trade for a new manager.