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.

The Red Sox sign Jhonny Peralta

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The Red Sox have signed third baseman Jhonny Peralta to a minor-league deal. He’ll report to Pawtucket.

Peralta, 35, hit a paltry .204/.259/.204 in 58 plate appearances for the Cardinals this year. But with Pablo Sandoval on the disabled list — and ineffective when he hasn’t been — the Sox could use some infield depth.

This is the second former Tiger that former Tigers GM Dave Dombrowski has picked up today, after signing Doug Fister. No word if he’s kicking the tires on Andy Dirks or Brennan Boesch.

Royals Designate Chris Young for assignment

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The Kansas City Royals have designated Chris Young for assignment. The move clears a spot on the 40-man roster for the addition of Neftali Feliz, who the Royals picked up yesterday.

Young was an excellent swingman for the Royals World Series-winning 2015 team, but he’s been terrible since then, posting a 6.52 ERA since the beginning of 2016. This year he’s got a 7.50 ERA in 14 games, two of which came as a starter. He has a ghastly 2.033 WHIP. He’s not foolin’ anyone out there.