Sunday, November 3, 2013

Yankees resign Derek Jeter

After a long injury filled season with many trips to the DL and bad play while on the field, Derek Jeter has been resigned to a one-year, 12 million dollar contract. Jeter could have opted out of his contract to become a free-agent or might have accepted his 2014 option of 9.5 million dollars. Jeter, who will be forty by next season, will try to regain his career form.

I personally think that this is a horrible signing by the Yankees. It is almost totally based on nostalgia rather than performance. With the Yankees trying to save money in order to build a team, they would have been better off letting Jeter opt out of his contract or taking his option for less money. An old shortstop with injuries should not have been paid even 6 million dollars, much less 12. Even if Jeter had accepted his option, the Yankees still would have saved 2.5 million dollars to offer to free-agents. But, time will tell whether this deal turns out badly for the Yankees.  

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