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Yankees Re-Sign Captain Jeter to One-Year, $12 Million Contract

New York Yankees Captain Derek Jeter
Derek Jeter, the 13-time All-Star shortstop, hit .190 in 73 plate appearances last season. Photographer: Jim McIsaac/Getty Images

Nov. 2 (Bloomberg) -- Derek Jeter signed a one-year, $12 million contract with the New York Yankees, remaining with the only Major League Baseball team he’s played for after a season he described as an injury-filled nightmare.

The Yankees’ starting shortstop and captain with five World Series championship rings, Jeter is a 13-time All-Star and the major leagues’ active hits leader. He will turn 40 during the 2014 season, his 20th in New York, where he holds franchise records for hits, games played, stolen bases, at-bats and singles.

The signing, announced by the Yankees yesterday in a news release, follows a season in which Jeter was placed on the disabled list four times with ankle and leg injuries and played in just 17 games. He hit a career-low .190 in 73 plate appearances.

“This entire year has been pretty much a nightmare for me physically, so I guess it’s fitting it ends like this,” Jeter said at a news conference on Sept. 12, the day the Yankees placed him on the disabled list for the last time this season.

Hit by injuries throughout their roster, the Yankees finished 85-77, their highest loss total in 21 seasons. Winner of a record 27 World Series titles, New York missed the playoffs for the second time since 1995, the year Jeter was called up to the majors.

The team’s 2013 opening day payroll was $228.8 million, according to CBS Sports. Team ownership has said it would like the Yankees to be below $189 million next year to save luxury tax payments that can be as high as 50 percent of any amount over that threshold.

‘Core Four’

Jeter was taken by the Yankees with the No. 6 pick in the 1992 amateur draft. He and two other career-long Yankees, Jorge Posada and Mariano Rivera, made their major league debuts in 1995, forming the nucleus of a team that won the World Series in 1996, 1998, 1999, 2000 and 2009. Posada, a catcher, retired after the 2011 season, and Rivera and Andy Pettitte, pitchers who completed what was known as the Yankees’ “Core Four,” said 2013 was their final year.

Jeter has batted .312 over 19 seasons with 3,316 hits, 10th on the career list. He and Hall of Fame outfielder Willie Mays are the only major league players to have at least 3,000 hits, 250 home runs, 300 stolen bases and 1,200 runs batted in.

New York signed manager Joe Girardi to a four-year contract extension last month. Outfielder Curtis Granderson and second baseman Robinson Cano are among the Yankees who will become free agents on Nov. 5.

To contact the reporter on this story: Eben Novy-Williams in New York at enovywilliam@bloomberg.net

To contact the editor responsible for this story: Jay Beberman at jbeberman@bloomberg.net

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