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(ESPN)   Yankees sign Jeter to the DL for $12 million   (espn.go.com) divider line 44
    More: Obvious, Derek Jeter, Yankees, Hal Steinbrenner, ESPN New York, Brian Cashman, ESPNNewYork.com's Andrew Marchand, test market, luxury tax  
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839 clicks; posted to Sports » on 02 Nov 2013 at 12:20 AM (37 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



44 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-11-01 09:09:28 PM
Well I'm not getting that much.
 
2013-11-01 09:40:43 PM
This a a weird move precipitated by the CBA.  Paying him 12 million will be less of a hit on their computed team salary then letting him exercise his 9.5 million option.
 
2013-11-01 09:51:24 PM
Just how much handicap parking do they have at the stadium?
 
2013-11-01 10:31:12 PM
Still a better contract than Lincecum.
 
2013-11-01 11:16:19 PM
They're also negotiating with Don Mattingly to play first again, and zombie Babe Ruth's animated corpse for right field.
 
2013-11-01 11:42:56 PM

Cagey B: Still a better contract than Lincecum.


Maybe he'll start smoking again and win another Cy Young

/remember when he was almost unbeatable?
//it could still happen
///yeah... I want to believe
 
2013-11-02 12:17:44 AM

MaudlinMutantMollusk: Cagey B: Still a better contract than Lincecum.

Maybe he'll start smoking again and win another Cy Young

/remember when he was almost unbeatable?
//it could still happen
///yeah... I want to believe


blogimages.thescore.com

"Now and forever, I will be your undoing."
 
2013-11-02 12:30:06 AM
So is this the Yankee retirement tour for 2014? How many rocking chairs can that locker room hold?
 
2013-11-02 12:35:55 AM

Nefarious: This a a weird move precipitated by the CBA.  Paying him 12 million will be less of a hit on their computed team salary then letting him exercise his 9.5 million option.


How the fark does that work?
 
2013-11-02 12:45:54 AM

MFAWG: Nefarious: This a a weird move precipitated by the CBA.  Paying him 12 million will be less of a hit on their computed team salary then letting him exercise his 9.5 million option.

How the fark does that work?


For the purposes of the luxury tax, the hit is the AAV of the contract signed. So a 5 year, $120 million deal is a $22 million hit each season, even if the contract is $116m/$1m/$1m/$1m/$1m.

Because of the way his contract was structured, the AAV was higher than $9.5 million (closer to $14 million AAV from what I've read), so eliminating the option and giving him a $12m, 1 year deal ended up saving money.
 
2013-11-02 12:50:14 AM

martin55: MFAWG: Nefarious: This a a weird move precipitated by the CBA.  Paying him 12 million will be less of a hit on their computed team salary then letting him exercise his 9.5 million option.

How the fark does that work?

For the purposes of the luxury tax, the hit is the AAV of the contract signed. So a 5 year, $120 million deal is a $22 million hit each season, even if the contract is $116m/$1m/$1m/$1m/$1m.

Because of the way his contract was structured, the AAV was higher than $9.5 million (closer to $14 million AAV from what I've read), so eliminating the option and giving him a $12m, 1 year deal ended up saving money.


Got it. That would explain why guys like Pujols get contracts that are heavily backloaded.
 
2013-11-02 01:49:04 AM

MFAWG: martin55: MFAWG: Nefarious: This a a weird move precipitated by the CBA.  Paying him 12 million will be less of a hit on their computed team salary then letting him exercise his 9.5 million option.

How the fark does that work?

For the purposes of the luxury tax, the hit is the AAV of the contract signed. So a 5 year, $120 million deal is a $22 million hit each season, even if the contract is $116m/$1m/$1m/$1m/$1m.

Because of the way his contract was structured, the AAV was higher than $9.5 million (closer to $14 million AAV from what I've read), so eliminating the option and giving him a $12m, 1 year deal ended up saving money.

Got it. That would explain why guys like Pujols get contracts that are heavily backloaded.


The Yankees were the impetus of this rule.  Roger Clemens is still on the payroll.
 
2013-11-02 02:16:01 AM
What's interesting here is that, as far as I can tell, NO ONE knows, at the moment, how this affects the Yankees luxury tax next year. I've seen everything from this saving the Yankees $3mil to it costing them $6mil. Major League Baseball apparently told Maury Brown at Forbes that the Yankees would not be saving any money, but failed to elaborate more than that.
 
2013-11-02 02:42:42 AM

No Line For Beer: The Yankees were the impetus of this rule.  Roger Clemens is still on the payroll.


No he's not, and hasn't been since 2007 when he played.

You may be thinking of the Mets and Bobby Bonilla:  http://online.wsj.com/news/articles/SB10001424052748703426004575339013 108198050
 
2013-11-02 02:44:06 AM
Sorry-- apparently Fark doesn't like Wall St Journal links:  http://tinyurl.com/m8m7bs2
 
2013-11-02 03:06:04 AM
He's consistently one of the most consistent players and has the intangibles needed to win.
 
2013-11-02 04:31:41 AM

Karma Chameleon: He's consistently one of the most consistent players and has the intangibles needed to win.


Agreed, he has been consistently horrendous on defense throughout his career, and his most valuable intangible skill is wringing money out of that front office despite giving up more runs due to that fielding deficiency than he can ever hope to produce with his (admittedly competent) offense. Surely, $12 million is an appropriate figure for a broken-down player coming off a lost season due to still-nagging injuries who will turn 40 next June.
 
2013-11-02 04:35:51 AM

MaudlinMutantMollusk: Cagey B: Still a better contract than Lincecum.

Maybe he'll start smoking again and win another Cy Young

/remember when he was almost unbeatable?
//it could still happen
///yeah... I want to believe


Lincecum is worth more than his pitching.

/I hate the contract too.
//We win every other year, right?
 
2013-11-02 04:43:56 AM
He means a lot to the Yankees, and his retirement year will put some asses in seats who would otherwise not venture into the Bronx to watch a .500 team not make the playoffs again. So it might pay for itself.
 
2013-11-02 06:24:41 AM
Yankees have $98M in committed salary to 2014. They have 7 guys arbitration eligible, but they may non-tender 2 of them (Nix and Chris Stewart). MLBTR lists those 5 guys at an estimated $14.8M in arbitration combined. That's 12 players at $112.8M. The luxury tax hit is somewhat different. The tax hit for Wells is zero despite the Yankees paying him $3M due to some accounting trickery, and Soriano's portion is $1M less than what the Yankees are actually paying him (somehow). Plus, the AAV is higher than the 2014 salary for ARod, and CC, lower for Tex (net effect is +2.5M according to my quick calculations using Cots). So their tax bill before filling out the other 13 spots on the roster is $111.3M, giving them $77.7M to hand out in contracts this year. You could add another $27.5M to that if ARod's suspension is upheld.
 
2013-11-02 07:38:08 AM
Jeter's worth that much to NYY in marketing alone.  What he does or doesn't do on the field is irrelevant.
 
2013-11-02 07:50:53 AM

Nefarious: This a a weird move precipitated by the CBA.  Paying him 12 million will be less of a hit on their computed team salary then letting him exercise his 9.5 million option.


The article says the exact opposite of this.
 
2013-11-02 08:03:55 AM
He's still funny-looking when he throws...
 
2013-11-02 09:11:18 AM
I care very little about baseball and even less about the Yankees...
I'm just here to say that was a mighty fine headline.
 
2013-11-02 09:15:58 AM

Creoena: Jeter's worth that much to NYY in marketing alone.  What he does or doesn't do on the field is irrelevant.


Highest paid mascot.
 
2013-11-02 09:28:12 AM
It pains me to say I don't really see the Yankees really "competing" in 2014 either. They'll probably play .500 ball again and they'll be in the "playoff discussion" but I don't realistically have them penciled in. It looks to be another farewell tour year, this time with Jeter and Ichiro.

/the A-Rod circus starts up again Monday
 
2013-11-02 09:52:12 AM
Anyone at the parade today?

Watching a bit before I go play golf, looks like it will be a shiatshow.
 
2013-11-02 09:55:23 AM
I really hope they aren't planning on turning the retirement tour into an annual thing.
 
2013-11-02 10:33:21 AM

Shrugging Atlas: I really hope they aren't planning on turning the retirement tour into an annual thing.


Why?

2014 - Jeter
2015-Suzuki
2016-ARod
2017-Wells
2018-Teixeira
2019-ARod after a failed comeback bid
2019-Cano comes back for a last year to retire with the Yankees
2020-ARod gets staked, left out in sunlight, thrown into a vat of holy water, beheaded, burned and his coffin is thrown into fires of Mt. Doom
 
2013-11-02 10:42:05 AM
Oops, sorry, I'm watching the World Series Champions, The Boston Red Sox, in a parade . . .
 
2013-11-02 10:43:46 AM
Great headline, subby

/Yankees fan
 
2013-11-02 10:59:37 AM

H31N0US: He means a lot to the Yankees, and his retirement year will put some asses in seats who would otherwise not venture into the Bronx to watch a .500 team not make the playoffs again. So it might pay for itself.


I'm also thinking he didnt want to retire at the same time as Mo, so Mo can have his moment without being outshined.
 
2013-11-02 11:03:15 AM

Nothing To See Here: Oops, sorry, I'm watching the World Series Champions, The Boston Red Sox, in a parade . . .


If only Dzhokhar had the patience to wait a year
 
2013-11-02 11:36:46 AM

Nothing To See Here: Oops, sorry, I'm watching the World Series Champions, The Boston Red Sox, in a parade . . .


And in the last century, the Sox have 1 more WS ring than Jeter.
 
2013-11-02 12:16:20 PM

LemSkroob: Nothing To See Here: Oops, sorry, I'm watching the World Series Champions, The Boston Red Sox, in a parade . . .

If only Dzhokhar had the patience to wait a year


If only your father were sterile
 
2013-11-02 12:22:48 PM

The Bestest: It pains me to say I don't really see the Yankees really "competing" in 2014 either. They'll probably play .500 ball again and they'll be in the "playoff discussion" but I don't realistically have them penciled in. It looks to be another farewell tour year, this time with Jeter and Ichiro.


Maybe, maybe not - I remember Mike Francesa saying he has confidence Jeter will be better next year.  Last offseason he couldn't keep up his regular exercise regimen while recuperating from injury, and thus he was unable to be ready for this season.  Since this winter he will be able to exercise, next year he could be a lot better than people expect.  That's what he thinks at least, and I hope he's right.

/the A-Rod circus starts up again Monday

Are you talking about the off-season in general, or is something specific slated for then?
 
2013-11-02 12:45:29 PM
All the way from Oakland. You're a wicked die haad member of the nation huh? Is that how you bonded with your Midwestern frat brothers at BC?
 
2013-11-02 12:48:51 PM
As much as I HATE the Yankees I think Jeter is just trying to end on a high note, and whatever you may think about the Yankees and his play at shortstop he has been a rock for them for years and deserves to go out on a high note if he can.

Did I mention I HATE the Yankees?
 
2013-11-02 02:47:09 PM

idesofmarch: Are you talking about the off-season in general, or is something specific slated for then?


his hearings resume
 
2013-11-02 02:52:24 PM

The Bestest: idesofmarch: Are you talking about the off-season in general, or is something specific slated for then?

his hearings resume


Oh goodie - time to put popcorn on the grocery list then.
 
2013-11-02 05:27:06 PM

Wise_Guy: No Line For Beer: The Yankees were the impetus of this rule.  Roger Clemens is still on the payroll.

No he's not, and hasn't been since 2007 when he played.

You may be thinking of the Mets and Bobby Bonilla:  http://online.wsj.com/news/articles/SB10001424052748703426004575339013 108198050


Could have been.  I could have sworn that it was Clemens though I can't find anything.  Perhaps that was the proposal at one point.  I distinctly recall one of the talking points being that a particular player could be in the Hall of Fame for a few years and still being paid.  If it wasn't Clemens (and it certainly wasn't Bonilla) then whom am I remembering?
 
2013-11-02 10:23:58 PM
In other news, its looking like Harold Reynolds will be the one replacing McCarver.
 
2013-11-02 10:29:51 PM
The Yankees successfully bid against themselves once again for Jeter's services.
 
2013-11-03 03:51:17 AM
As a Sox fan I actually hope that Jeter is able to go out having a decent year. He's nothing but a class act, and shouldn't ever wear a uniform other than pinstripes.
 
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