Money Matters - Simplified

New York Yankees

Yankees made official offer to Cliff Lee

Lake Buena Vista, Fla. -- The New York Yankees have made an official offer to free-agent pitcher Cliff Lee, General Manager Brian Cashman said Wednesday at baseball's winter meetings.

Cashman didn't reveal how much he offered the star left-handed starter, but the New York Post reported it was for six years and worth between $137.5 million and $150 million.

"We made an offer," Cashman told the Post. "It's not like he didn't want to take an offer. He is trying to put himself in the position where he has all the offers out there."

The Yankees and Lee's current team, the Texas Rangers, are considered the front-runners for the 32-year-old hurler, who posted a 3.18 ERA over 28 starts in 2010 and helped pitch Texas into the World Series.

Yankees, Jeter come to terms

NEW YORK, Dec. 7 (UPI) -- The New York Yankees and Derek Jeter announced Tuesday they have worked out a three-year deal with the veteran shortstop having a fourth-year option.

The team isn't saying how much it will pay Jeter to stick around but earlier reports said he was looking for at least $51 million.

The Yankees paid Jeter $189 million over the past 10 years.

Jeter, 36, batted a career-worst .270 with 10 home runs and 67 RBI in 2010 but won his fifth Gold Glove and scored 111 runs.

"We didn't want him going anywhere," Yankees General Manager Brian Cashman said. "This was a long negotiation like they always are.
This was one of the big topics for this particular winter."

Team Manager Joe Girardi called Jeter "a true Yankee."

Reports: Jeter, Yanks near contract deal

New York -- The New York Yankees were on the verge of signing shortstop Derek Jeter to a new three-year contract, media in the Big Apple reported Saturday.

The New York Daily News and The New York Times said a deal was being finalized and would keep Jeter in Yankee pinstripes for another three seasons and include an option for a fourth year.

The contract would end the closely watched talks between Jeter and the Yankees over the future of a Bronx fixture who, at 36 is also assumed to be past his prime.

Jeter, who averaged nearly $19 million per season under his previous 10-year contract, hit a career-low but still respectable .270 last season.

Yanks continue contract talks with Jeter

Tampa, Fla. -- The New York Yankees have resumed contract talks with Derek Jeter in Tampa, Fla., with no agreement, sources close to the negotiations say.

The New York Times said the meeting Tuesday, first reported by, was confirmed by two people in baseball.
Yankees General Manager Brian Cashman left New York refusing to comment late Tuesday night.

The Yankees seem to be holding to their offer of $45 million over three years. Jeter's side is seeking four or five years at $23 million or $24 million per year.

Yankees, Jeter in contract tussle

New York -- The New York Yankees say they have "concerns" about star shortstop Derek Jeter amid ongoing negotiations about a new multiyear contract.

Yankees General Manager Brian Cashman said both Jeter's age and his recent on-field performance needed to be factored into any new contract.

"We do appreciate the contributions he has made to this organization," Cashman told The New York Times.

"And Derek Jeter is the person we want playing shortstop," he said.
But the money in a new contract "has to be a fair salary" that reflects the fact that Jeter will turn 37 next June, Cashman said.

Jeter's batting average dropped 64 points to .270 in 2010, the only time he has hit less than .290 in his 15 full seasons with the Yankees.

Jury acquits Leyritz of DUI manslaughter

Fort Lauderdale, Fla. -- Former New York Yankees player Jim Leyritz is not guilty of drunken driving manslaughter in a woman's 2007 death, a Florida jury decided Saturday.

After reporting they were deadlocked Friday, jurors returned to a Fort Lauderdale courtroom and said they had acquitted Leyritz of DUI manslaughter, for which he had been facing up to 15 years in prison, the South Florida Sun Sentinel reported.

Instead, Leyritz was convicted of a misdemeanor charge of driving under the influence, which can carry a sentence of up to six months in jail.

Thirty-year-old Fredia Ann Veitch, of Plantation, died Dec. 28, 2007, when her car collided with a vehicle driven by Leyritz after he had celebrating his birthday at Fort Lauderdale nightspots.

Yanks' GM set to woo free agent Cliff Lee

New York -- New York Yankees General Manager Brian Cashman was set Wednesday to meet with free agent Texas Rangers pitcher Cliff Lee, reported.

The Web site, citing an unnamed baseball source, said the Yankees' boss would meet with the left-handed ace and his agent, Darek Braunecker, in Arkansas.

Cashman has said signing Lee, who guided the Rangers past New York and into the World Series this season, is a top priority for the Yankees this offseason. The team didn't waste much time, reportedly first reaching out to him Sunday night only minutes after free agents rules allowed.

Rangers' CEO apologizes for remarks

Dallas -- Texas Rangers chief executive Chuck Greenberg apologized Monday for ripping New York Yankees fans as "either violent or apathetic."

Greenberg, speaking to a Dallas radio station, praised the fans of his own team, which was one loss away Monday from being eliminated by the San Francisco Giants in the World Series.

But then he lit into Yankees fans, calling them "awful."

"They were either violent or apathetic, neither of which is good," he told ESPN Radio in Dallas. "So I thought Yankee fans were by far the worst of any I've seen in the post-season. I thought they were an embarrassment."

Yanks pitching coach Eiland not returning

New York -- New York Yankees pitching coach Dave Eiland won't be back in 2011, the team announced Monday.

Yankees General Manager Brian Cashman said Eiland, the team's pitching coach since 2008, isn't returning due to "private" reasons.

The coach took a leave of absence from the team in June for a family matter.

His departure is what will likely be the first in a series of moves by New York in the wake of its elimination by the Texas Rangers in the American League Championship Series.

Yankees' Jeter puts penthouse up for sale

New York -- The New York Yankees' Derek Jeter has put his Manhattan Trump World Tower penthouse up for sale at an asking price of $20 million, Tower officials said.

The shortstop's four-bedroom, 5,425-square-foot loft on the 88th floor was listed on the Trump Sales and Leasing Web site, the New York Daily News reported Thursday.
"Don't miss this rare opportunity to own a penthouse on top of The Trump World Tower," the Web site listing says.

The apartment also has 5.5 bathrooms, a fireplace, an eat-in kitchen, dining room, media room, living room, library, gallery and powder room.

Jeter bought the high-rise residence for $12.6 million from Donald Trump in 2001, shortly after signing a $189 million, 10-year deal with the Yankees.