Derek Sanderson Jeter, acknowledged as “The Captain,” is an American former professional baseball shortstop and businessman. He is also a former CEO of the Miami Marlins. Derek Jeter was drafted by the New York Yankees with the 6th overall pick in the 1993 MLB draft and he made his MLB team debut on May 29, 1995. Since then, he spent two decades of his Major League Baseball (MLB) career with the New York Yankees. He held the Yankees' franchise record for career hits and was named World Series MVP in 2000. He is a five-time World Series Champion and fourteen-time MLB All-Star player. He retired from his MLB career on September 28, 2014. Jeter was inducted into the prestigious National Baseball Hall of Fame in 2020. His contributions to the game and his philanthropic endeavors make him an iconic figure in the world of baseball.
Derek Jeter’s Contract Breakdown
| Year | Base Salary | Signing Bonus | Cap Hit | Dead Cap | Yearly Cash |
| 1992 | - | $800,000 | $800,000 | - | $800,000 |
| 1995 | $85,981 | - | $85,981 | - | $85,981 |
| 1996 | $130,000 | - | $130,000 | - | $130,000 |
| 1997 | $550,000 | - | $550,000 | - | $550,000 |
| 1998 | $750,000 | - | $750,000 | - | $750,000 |
| 1999 | $5,000,000 | - | $5,000,000 | - | $5,000,000 |
| 2000 | $10,000,000 | - | $10,000,000 | - | $10,000,000 |
| 2001 | $11,000,000 | $16,000,000 | $27,000,000 | - | $27,000,000 |
| 2002 | $13,000,000 | - | $13,000,000 | - | $13,000,000 |
| 2003 | $14,000,000 | - | $14,000,000 | - | $14,000,000 |
| 2004 | $17,000,000 | - | $17,000,000 | - | $17,000,000 |
| 2005 | $18,000,000 | - | $18,000,000 | - | $18,000,000 |
| 2006 | $19,000,000 | - | $19,000,000 | - | $19,000,000 |
| 2007 | $20,000,000 | - | $20,000,000 | - | $20,000,000 |
| 2008 | $20,000,000 | - | $20,000,000 | - | $20,000,000 |
| 2009 | $20,000,000 | - | $20,000,000 | - | $20,000,000 |
| 2010 | $21,000,000 | - | $21,000,000 | - | $21,000,000 |
| 2011 | $15,000,000 | - | $15,000,000 | - | $15,000,000 |
| 2012 | $16,000,000 | - | $16,000,000 | - | $16,000,000 |
| 2013 | $17,000,000 | - | $17,000,000 | - | $17,000,000 |
| 2014 | $12,000,000 | - | $12,000,000 | - | $12,000,000 |
How much was Derek Jeter getting paid?
Derek Jeter had last signed a 1-year contract extension worth $12,000,000 with the New York Yankees on November 1, 2013 for the 2014 season. This was his last signing before his retirement.
Derek Jeter first signed a contract with the New York Yankees on June 10, 1992 and received $800,000 as a signing bonus. He then signed a 1-year 550,000 contract with the team on March 1, 1997. Next, he signed a 1-year contract worth $750,000 with the team on March 1, 1998. He then signed a 1-year $5 million contract with the team on February 1, 1999. Jeter signed a 1-year contract worth $10 million with the team on February 1, 2000. Then, he signed a 10-year $189 million contract with the team on February 9, 2001. He next signed a 3-year $51 million contract with the team on December 7, 2010. This led to his contract extension before his retirement.
How much did Derek Jeter make in a minute?
Derek Jeter earned $12 million for his last season due to a contract extension with the New York Yankees. If this is divided by the total number of minutes in a year that is 5,25,600, then he earned $22.83 per minute before retiring in 2014.
Derek Jeter's Career Earnings
Derek Jeter had spent 20 seasons in MLB. Throughout 20 seasons, he had made a total career earning of $266,315,981. This includes his total base salary of $249,515,981 and his total signing bonus of $16,800,000.
What were the terms of Derek Jeter's Contract?
As per Derek’s current last contract before retirement, he signed a 3-year $51 million contract with the New York Yankees, guaranteed an annual average salary of $17 million on December 7, 2010. He then signed a $12 million contract extension with the team for the 2014 season on November 1, 2013.
How much of Derek Jeter's Contract is guaranteed?
Derek’s current last contract before retirement of 3 years for 51 million guaranteed him an annual salary of $17 million.
Derek Jeter’s Contract History
These are all the contracts that Derek Jeter had signed in his 20-season MLB career.
New York Yankees (1992-2014):
Derek Jeter signed his first major league contract with the Yankees in 1992, which included a signing bonus of $800K, followed by an agreement to another one-year contract with the team for the 1996 season, earning $130K.
Jeter signed a three-year contract extension with the Yankees in 1997, followed by another one-year contract in 2000; during this period, he continued to establish himself as a star player, earning his first All-Star selection in 1998.
In 2001, Jeter signed a ten-year contract extension with the Yankees worth $189 million, making it one of the most attractive contracts in MLB history given at the time; the contract secured Jeter's place as a pillar among the Yankees franchise and recognized his exceptional skills and leadership abilities.
In 2010 Jeter signed a three-year contract extension with the Yankees worth $51 million. The contract took him through the final years of his career, allowing him to retire as a Yankee after spending two decades with them. He retired from the game on September 28, 2014.
Image Credits
Derek Jeter Contract FAQs
Q. Did Derek Jeter play his entire career with the New York Yankees?
A. Yes, Derek Jeter spent two decades of his MLB career with the New York Yankees.
A. Yes, Derek Jeter spent two decades of his MLB career with the New York Yankees.
Q. Does Jeter have any contract extensions?
A. Yes, Derek signed contract extensions with the Yankees during his career; he agreed to a three-year extension in 2010 worth $51 million before retirement. He also signed a 1-year $12 million contract extension with the team for the 2014 season on November 1, 2013
A. Yes, Derek signed contract extensions with the Yankees during his career; he agreed to a three-year extension in 2010 worth $51 million before retirement. He also signed a 1-year $12 million contract extension with the team for the 2014 season on November 1, 2013
Q. How did Jeter's contract compare to other players of his era?
A. Derek’s contracts were among the highest in MLB during his career, reflecting his position as one of the game's premier players. He has held on to his end of the bargain thanks to his remarkable consistency and dependability.
A. Derek’s contracts were among the highest in MLB during his career, reflecting his position as one of the game's premier players. He has held on to his end of the bargain thanks to his remarkable consistency and dependability.
Q. Which was Derek Jeter's most significant contract?
A. Jeter's most significant contract was a ten-year extension he signed in 2001, worth $189 million with the New York Yankees.
A. Jeter's most significant contract was a ten-year extension he signed in 2001, worth $189 million with the New York Yankees.
Q. What was Derek Jeter's jersey number?
A. Derek Jeter wore jersey #2 for the New York Yankees.
A. Derek Jeter wore jersey #2 for the New York Yankees.
