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Jeter re-signs for a raise -- but Yankees have a good reason

By Mike Harrington

Now that we're in the post-World Series period, the action should be coming fast and furious with teams making decisions on their free agents, their manager and their rosters in general. Teams have a five-day window to chat with their own, and players can then shop their services starting Tuesday.

(Remember, Bud Selig & Co. frown on any of this news taking away attention from the Fall Classic, so teams are told to stuff a sock in it until the Series is decided).

An unusual story came out of New York today with the announcement the Yankees have signed Derek Jeter to a one-year, $12 million contract -- even though he had a player option for next year for just $9.5 million. So what gives? Simple. If Jeter exercised his option, the Yankees would be charged roughly $15.5 million toward their payroll ceiling that figures luxury tax payments.

They want to avoid the tax and get under a $189 million payroll and paying Jeter $12 million actually saves them $3.5 million (and perhaps many millions more in taxes) while giving their longtime shortstop an extra $2.5 million inn his pocket.

No one knows if this will be Jeter's farewell tour, ala Mariano Rivera. But he played just 17 games this season, totaling 73 plate appearances in the wake of his broken ankle suffered in the 2012 ALCS against the Tigers. It was far and away the most frustrating season of what had been a brilliant career.

Jeter turns 40 on June 26. (Yes, Derek Jeter turns 40. We're all getting old.) Can he really be considered an everyday shortstop anymore? The Yankees need him for PR value for sure and they're probably curious if he'll be able to put together a huge bounceback season. That said, the deal makes sense for them. It's not just let's give a 40-year-old a raise even though he basically didn't play last season.

Meanwhile, the most interesting managerial candidate to watch is Red Sox bench coach and Buffalo Baseball Hall of Famer Torey Lovullo, who should now be talking to the Cubs, Tigers and Mariners with the season complete.

I chatted with Lovullo last week in St. Louis and you if you missed my Inside Baseball column on him in Sunday's editions, click here to double-back on his story.  Lovullo managed in Pawtucket while working under current Cubs GM Theo Epstein and broke into the big leagues with the Tigers, who are definitely interested as well. Taking over a playoff team with a legendary manager like Jim Leyland figures to be a tough task. As a first-time manager, Lovullo might be better suited with a rebuild like the Cubs.

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Buffalo Baseball Hall of Fame | Red Sox | Yankees
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About Inside Pitch

Mike Harrington

Mike Harrington

Mike Harrington, a Canisius College graduate who began his career as a News reporter in 1987, has covered the Buffalo Bisons since 1992 and Major League Baseball since 1995. A member of the Baseball Writers' Association of America, Harrington has reported on more than 30 MLB postseason series — including every game of the World Series in this century — and all three of the Bisons' championship runs in their modern era. He is a connoisseur of the famous Stadium Mustard at Cleveland's Progressive Field.

@BNHarrington | mharrington@buffnews.com


Amy Moritz

Amy Moritz

Amy Moritz, a native of Lockport, has covered the Bisons for The Buffalo News since 2002. She has a bachelor’s degree in journalism/mass communication from St. Bonaventure University and a master’s degree in humanities from the University at Buffalo. An endurance athlete, she has completed several triathlons, half marathons and marathons.

@amymoritz | amoritz@buffnews.com

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