Done: Derek Jeter, Yankees agree to three-year contract

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UPDATE: Jack Curry of YES Network has the contract details. He reports that Jeter’s deal is worth $51 million guaranteed over three years. Interestingly, the deal includes a player option for a fourth year worth $8 million where he would have the chance to earn an additional $9 million in performance-based incentives.

And so, if Jeter exercises the player option, he will be guaranteed $56 million. The $51 million total mentioned above includes a $3 million buyout in the event that Jeter declines the option.

4:34 PM: We’re right back where we expected to be.

While negotiations went a little rockier than we originally thought they would, the Yankees have finally agreed to a new three-year contract with Derek Jeter, according to Jack Curry of YES Network. Jon Heyman of SI.com hears the same.

Jeter will make between $15-17 million per season and the fourth year option will not be guaranteed. The contract is pending a physical.

And so, the Yankees did give in a little bit from their original offer, but not by much. Good for them. I’m already waiting for a columnist to say that Jeter took a paycut before the winter meetings in order to help the team make room on the payroll for Cliff Lee and/or Carl Crawford. He’s a real team guy, don’t you know? Ah well, whatever it takes to keep his iconic status intact. Jeter is right back where he belongs and all the negative stuff we’ve read over the past couple of weeks will be forgotten by spring training. It was a fun ride, though.

Tyler Glasnow scheduled to rejoin Rays’ rotation

Jonathan Dyer-USA TODAY Sports
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ST. PETERSBURG, Fla. — Tampa Bay Rays right-hander Tyler Glasnow is scheduled to rejoin the rotation at Cleveland after missing nearly 14 months because of Tommy John surgery.

The Rays’ Opening Day starter last year hasn’t pitched this season after undergoing the procedure on Aug. 4, 2021.

“I think we’re pretty confident he’ll be starting for us,” Tampa Bay manager Kevin Cash said before the game with Toronto. “This is the first time he’s thrown pain-free in quite some time, so he’s encouraged by it.”

The 6-foot-8 right-hander went 5-2 with a 2.66 ERA in 14 starts last year and is a key addition as the Rays near a wild-card spot.

“Compared to the past, like, three years it feels way better as far as postday and the week leading into starts and stuff,” Glasnow said. “It’s good to have an UCL, you know.”

Cash said Glasnow will throw around 45 pitches in his initial outing, which should allow him to go two or three innings.

“Two innings of Glasnow is still a huge plus for our team,” Cash said. “Like to get three innings. If we do, great. If we don’t, that’s fine, too.”

Glasnow allowed one run, one hit, four walks and had 14 strikeouts over seven innings in four starts with Triple-A Durham.

“I’m really excited,” Glasnow said. “I’m approaching it like normal, staying on routine. Feels normal.”

Glasnow signed a two-year, $30.35 million contract that will delay the start of his free agency by one year last month. He’s making $5.1 million this year and will get $5.35 million next season and $25 million in 2024, which is the first year he would have been eligible for free agency.