Report: Jeter to get an offer for three-years, $45 million

By Nov 19, 2010, 2:24 PM EST
13 Comments

Jon Heyman reports that the Yankees are going to offer Derek Jeter a $45 million, three-year deal.

Yesterday Wallace Matthews suggested that the Yankees were offering Jeter more than $20 million a year and that Jeter was cool to the idea.  This clearly undercuts that notion, which seemed rather nutty anyway.  The $45 million is what a lot of people — including Joel Sherman — have suggested was likely.  That amount also seems relatively reasonable, at least in this weird world in which Jeter is almost inevitably to be paid more than his actual on-the-field contributions are likely to warrant between now and the end of 2013.

Gallegos agrees to 2-year, $11M contract with Cardinals

Associated PressOct 4, 2022, 12:52 AM EDT
Atlanta Braves v St. Louis Cardinals
Getty Images
0 Comments

ST. LOUIS – Reliever Giovanny Gallegos and the St. Louis Cardinals agreed to a two-year, $11 million contract, a deal that includes a club option for 2025 and escalators that could make it worth $20.5 million over three seasons.

The 31-year-old right-hander is 3-5 with a 2.91 ERA and 14 saves in 20 chances this season. He has 72 strikeouts and 15 walks in 58 2/3 innings.

“I feel so happy,” Gallegos said before the Cardinals played the Pirates in Pittsburgh. “I don’t have the word for exactly how I’m feeling.”

He was obtained from the Yankees in July 2018 along with left-hander Chasen Shreve in the trade that sent first baseman Luke Voit to New York. Gallegos is 14-15 with a 3.02 ERA and 34 saves in six major league seasons.

Gallegos gets a $500,000 signing bonus and salaries of $4.5 million next year and $5.5 million in 2024. St. Louis has a $6.5 million team option for 2025 with a $500,000 buyout.

His 2025 option price can increase by up to $3.5 million for games finished in 2024: $500,000 each for 20-25 and 26-30 and 31-35, and $1 million apiece for 36-40 and 41 or more.

He would get $250,000 for winning the Rivera/Hoffman reliever of the year award, $50,000 for All-Star selection and World Series MVP and $25,000 for League Championship Series MVP.

Gallegos has a $2.41 million salary this year.

He was eligible for salary arbitration and is potentially eligible for free agency after the 2024 season.