Tagged: Derek Jeter

The Buzz: Lee, Jeter

  • The Yankees contacted Cliff Lee’s agent, an offer will follow.
  • Jerry Crasnick of ESPN.com expects the Red Sox to bid on Lee, possibly to drive up the price.
  • Henry Schulman of the San Francisco Chronicle predicts that the Giants will keep an eye on the Derek Jeter negotiations.
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The free agent market is officially open

As of 12 am ET, the free agent market is
officially open. Cliff Lee and Carl Crawford will be
receiving quite a lot of phone calls. Lee is expected to go
to either the Rangers or Yankees, while Crawford has not
drawn much interest as of now, with just the Red Sox showing
minimal interest. Derek Jeter might also get some calls from
teams. It is 99.9% certain that he will go to the Yankees,
but, if something goes wrong, you never
know.

Get ready for a disaster

Hal Steinbrenner on the upcoming Derek Jeter negotiations:

“There’s always the possibility that things could get messy. I know our fans are emotional and that’s what we love about them. But I’ve got to try to do my job on behalf of the partnership and the partners and everybody else involved in the organization. Hank and I need to keep a level head and realize that we’re running a business here.”

This is where things get interesting. Yes, Jeter will be back, but I can’t imagine that the Yankees are going to do this quietly. Hopefully, the Yankees won’t give him something he doesn’t deserve.

Offseason financial breakdown

The Yankees dump $68 million off their payroll this offseason. Assuming that is the number the Yankees will work with (it may go up or down) here is a possible breakdown of how that money could be used.

Free agents:

Cliff Lee: $30 M
Re-signings:

Derek Jeter: $15 M
Andy Pettitte: $8 M
Mariano Rivera: $8 M

Arbitration eligibles:

Phil Hughes: $1 M
Joba Chamberlaiin: $1 M
Boone Logan: $1 M
This is a very rough estimate. But assuming those numbers are around reality, the Yankees will have around $3 M to play around with once all of these players are locked up. Again, the Yankees may have more money to use, but the general idea here is that they will not have enough to sign another big free agent after Cliff Lee.