Derek Jeter Contract Details Emerge As Yankees Re-Sign Icon

After several weeks of drama in the papers, it appears that Derek Jeter has indeed signed a contract to return to the Yankees. The 36-year-old shortstop won't earn the $21 million he made in 2010, but he will nevertheless be paid a considerable sum - more than any other aging shortstop coming off the worst year of his career.

We get some of Jeter's contract details courtesy of Jon Heyman. As one might expect, it's a complicated deal. While it's technically a three-year contract, Jeter has a fourth-year player option for 2014, by which point he will be 40 years old.

If Jeter declines the 2014 option, he will make $51 million. If he picks it up, though, he will make somewhere between $56-68 million, with incentives depending on a point system based on award voting. Jeter would stand to make more money by winning a Silver Slugger award, winning a Gold Glove, or finishing in the top six for the American League MVP.

It would appear that Jeter's base salary will be $16 million for each of the next three years, with a $3 million 2014 buyout in the event that he declines the option.

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