Yankees resign Derek Jeter: 1 year, $12 million

[Auggie]

NEW YORK -- Despite coming off an injury-plagued season, the New York Yankees chose to reward captain Derek Jeter for his years of good service by re-signing the shortstop Friday to a $12 million contract for 2014.

The new contract is $2.5 million more than the player option Jeter could have picked up for next year.

Derek Jeter will become the longest-tenured player in New York Yankees history when he takes the field on Opening Day, breaking the record he currently shares with Mariano Rivera.

<snip>

Jeter, who turns 40 in June, could have opted out of the final season of his four-year contract and tried free agency. The original deal called for him to make $9.5 million in 2014 -- nearly half of the $17 million he had earned the previous three seasons. But Steinbrenner and Jeter made sure that didn't happen and helped each other's causes.

http://espn.go.com/new-york/mlb/story/_/id/9912563/new-york-yankees-sign-derek-jeter-one-year-deal

Stay old, Yanks

[joeybee12]

1. Sounds good...another year they'll put off rebuilding!

[KamaAina]

2. "The new contract is $2.5 million more than the player option Jeter could have picked up"

but if he had, the Yankees would be on the hook for more luxury tax because of his average salary over the last five years.