In the past few days the Yankees have re-signed two career Yankees in Mariano Rivera and Derek Jeter.
Mariano was the first of the duo to re-join the Yankees by signing a 2 year contract worth $30 million. I cannot say I have any reason to complain about this contract, I think he can hold up for at least another two years and at $15 million per season this doesn’t seem like a gross overpay.
Derek Jeter and the Yankees agreed to a contract yesterday which is somewhat more complicated. The deal will pay him $51 million over the first three years of the contract ($17M per season), and then there is a player option for a fourth season. Since the option is a player option, this is basically a four-year deal. The option is apparently worth $8M and Jeter can earn an additional $9M that year based on incentives. While this seems to be an unnecessary overpay (especially giving Jeter the 4th year), this deal could have been a lot worse, so I can’t say I’m overly upset.
- With Derek Jeter and Mariano Rivera off the board, the Yankees can head into the winter meetings this Monday focussed on Cliff Lee and any other pursuits, knowing that there really is no rush to sign Andy Pettitte because he will either be going to the Yankees or retiring.
- Lance Berkman has signed with the St. Louis Cardinals and will be playing left field. Yankee fans never really seemed to warm up to Lance, but I really liked him and although there was no real chance he would return to the Yankees, I’m kind of sad to see him gone. Good luck Berkman!
- People have been wondering what the chance is that the Yankees sign both Cliff Lee and Carl Crawford. While Crawford would make the outfield defense otherworldly (assuming Swisher would be traded), I think signing the outfielder would be a misuse of resources.
- We recently heard that the Yankees had a trade set up to send Francisco Cervelli to the Dodgers in exchange for Russell Martin. However, it didn’t go through but now Martin is a free agent so I wouldn’t be surprised to see the Yankees go after Martin as a possible backup catcher. He would certainly be an upgrade over Cervelli.
- The Yankees have non-tendered Dustin Moseley and Alfredo Aceves. While the Moseley decision was not surprising, I was surprised that Aceves was non-tendered. I guess the Yankees are not confident in his health, especially after his recent bike-induced injury.
- Sergio Mitre has been re-signed and should serve as the long man and a spot starter.
- The Red Sox have agreed to a trade for Adrian Gonzales in exchange for three of their top prospects. The deal has not been completed yet and is waiting due to a physical and contract extension talks. I’ll analyze this deal further if the trade is finalized. Update 2:50 – According to Jon Heyman the Red Sox could not reach an extension deal with Gonzalez and the deal has fallen through. Still, I could see the Red Sox revisiting the trade.