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Jeter Deal Leaves Yankess With $80M

Derek Jeter
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NEW YORK (AP) — Derek Jeter’s new contract has increased the Yankees’ luxury tax payroll to $97.71 million for seven signed players next year. That leaves leaving New York with about $80 million to spend on the rest of its roster if the team wants to get under the 2014 luxury tax threshold.

Jeter and New York agreed Friday to a $12 million, one-year contract. The Yankees’ captain was injured most of this year. He was playing under a three-year contract with a player option for 2014 that wound up being worth $9.5 million and was replaced by the new salary.

The Yankees want to re-sign free agents Robinson Cano, Curtis Granderson and Hiroki Kuroda. They need to fill roster holes after missing the playoffs for just the second time in 19 years.

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