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Taking a break Jeter's monster deal won't be finalized until next week
Updated: Sunday February 04, 2001 9:43 AM
NEW YORK (AP) -- Derek Jeter's agent and the Yankees made more progress Saturday on what will likely be a $189 million, 10-year contract, then recessed talks until next week. Casey Close, the agent for the All-Star shortstop, was in Phoenix and spoke by telephone with Yankees president Randy Levine, according to a baseball official familiar with the talks who spoke on the condition he not be identified. The sides had agreed to salaries in the early years of the contract and were working on the breakdown for the latter seasons, the official said. In addition, the sides agreed the deal will include a no-trade clause, and there will not be any award of performance bonuses. The contract also will not contained any deferred salaries. Still, contract language remained to be finalized. Jeter's deal contract would become the second largest in sports history, behind only the $252 million, 10-year agreement reached in December between Texas and free agent shortstop Alex Rodriguez, Jeter's good friend. Jeter and the Yankees had a tentative agreement last winter on a $118.5 million, seven-year contract, but Yankees owner George Steinbrenner wouldn't finalize it because its average salary, $16,928,571, would have been the highest in baseball at the time. New York and its then avoided arbitration with Jeter by agreeing to a $10 million, one-year contract and went on to win its third consecutive World Series. Jeter, 26, has helped the Yankees win four World Series in five seasons since he joined the team, including the last three. He is eligible for free agency after next season.
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