Yanks, Jeter Resume Contract Talks
Dec. 19, 2000
NEW YORK (AP) _ A week after Alex Rodriguez's record-setting contract, Derek Jeter's agent and the New York Yankees have resumed talks on a multiyear deal.
Jeter is eligible for free agency after next season and has had five one-year contracts thus far.
After the 1999 season, Yankees president Randy Levine and the All-Star shortstop's agent, Casey Close, negotiated a $118.5 million, seven-year agreement, but Yankees owner George Steinbrenner refused to let the deal close because he didn't want to set a record for average salary.
Jeter's deal would have averaged $16,928,571. and Juan Gonzalez and Detroit were negotiating an eight-year contract worth $140 million or more. But the Gonzalez contract never was finalized, and the Yankees and Jeter agreed to a $10 million, one-year contract.
Since then, Jeter was voted Most Valuable Player of the All-Star game and the World Series, and Rodriguez shattered the salary records for professional sports when he agreed last week to a $252 million, 10-year contract with Texas _ a deal averaging $25.2 million per season.
Levine and Yankees general manager Brian Cashman met Thursday with Close, according to a lawyer familiar with the talks who spoke on the condition he not be identified. The lawyer said the meeting was cordial and that the sides agreed to continue talking.