Jeter, Yankees Reach Three-Year Contract Agreement, New York Times Reports

Derek Jeter and the New York Yankees have agreed on a three-year contract worth $15 million to $17 million annually, the New York Times reported, citing an unidentified person in baseball briefed on the matter.

The contract has an option on a fourth year, the newspaper said. Jeter will remain the highest-paid shortstop in Major League Baseball, the Times said.

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net

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