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.
Jon Heyman of FanRag Sports reports that the Phillies signed pitcher Henderson Alvarez to a minor league deal. If he is added to the major league roster, he’ll earn $750,000 prorated.
Alvarez is still only 27 years old but hasn’t pitched in the majors since 2015 due to shoulder issues. He signed with the Long Island Ducks last month, making seven starts and posting a 3.94 ERA with a 13/14 K/BB ratio in 32 innings.
The Phillies learned that Vince Velasquez will undergo season-ending surgery and also placed Zach Eflin on the 10-day disabled list, so the club is just looking for pitching depth to help take them through the end of the season. Any innings that Alvarez is able to handle will be considered a bonus.
Mets third baseman David Wright will begin a minor league rehab assignment Tuesday with High-A St. Lucie. He’ll be the DH.
Wright has been sidelined since May of 2016, first with a cervical disc herniation and, more recently, a shoulder impingement. He has appeared in just 75 games since his last full season in 2014. Wright is under contract through 2020 and is owed $47 million after this year. For now insurance is picking up a large portion of that.
It’s possible he’ll make a return to the Mets before the season out as the competitive portion of their year is basically over and giving him a chance to see big league pitching before he begins what one hopes is a normal offseason might be a good confidence boost. What meaningful role he ever plays in the big leagues again, however, is decidedly up in the air.