The New York Yankees and Derek Jeter are close to agreement on a three-yer contract that would pay the shortstop $15 million to $17 million a year, the New York Times reported on its website.
The contract will include a “creative hybrid-type option” for a fourth year that is “not vesting and is highly unusual,” the Times said, citing a Major League Baseball official briefed on the negotiations.
Jeter, 36, the team’s captain, batted .270 with a .340 on- base percentage in 2010, both the lowest in a season since he became a full-time player in 1996. The 11-time All-Star just completed a 10-year, $189 million contract.
To contact the editor responsible for this story: Bob Bensch at firstname.lastname@example.org