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News Alert: Jeter and Yankees Agree on New Deal

Written By Anonymous on December 04, 2010 | 2:09 PM

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Breaking News Alert
The New York Times
Sat, December 04, 2010 -- 5:08 PM ET
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Jeter and Yankees Agree on New Deal

The Yankees and Derek Jeter ended their protracted contract
stalemate Saturday, agreeing to a three-year deal worth $15
million to $17 million annually that also contains an option
for a fourth year, according to a person in baseball briefed
on the matter.

High-ranking club officials and Jeterâ??s agent, Casey Close,
negotiated late into Friday night and on Saturday, making
substantial progress on a deal that includes a â??creative
hybrid-type optionâ?? for the fourth year that is â??not
vesting and is highly unusual,â?? the person said. The
contract is pending a physical exam.

Read More:
http://www.nytimes.com/2010/12/05/sports/baseball/05yankees.html?emc=na


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