Derek Jeter Career Earnings
Derek Jeter salary history dates back to a substantial increase from $130,000 in 1995 to $22.6 million in 2010.
After the Yankees selected him in the 1992 MLB draft as a first-rounder, Derek played in the Minor Leagues. However, Derek ultimately debuted in the 1995 season and received an initial salary of $85,981.
However, after getting the Rookie of the Year title in 1996 with 10 homers and a .314 batting average, Derek saw his remuneration skyrocket, going to $550,000 annually. Derek then saw a rise again with a $750,000 wage in 1997.
Finally, the 1999 season saw him crossing the million mark with a $5,000,000 remuneration at the age of 25. In the year 2000, he saw his earnings double as he gained a $10 million offer. He had already bagged three All-Stars by the end of the 2000 season.
Derek Wages Rose and Fell During His Later Years
Yankees Shortstop Jeter's remuneration rose to $12.6 million in the 2001 season.
He then saw a rise in his wages till the 2010 season continuously. In 2004, Derek was earning $18.6 million annually while getting a 1 million increment in the 2005 season.
Likewise, Captain Clutch saw his wages hit the 20th mark in the 2006 season, getting 20.6 million for the very first time. He went on to earn 21.6 million from the 2007 to 2009 seasons. After helping beat the Phillies in the 2009 World Series, Derek earned $22.6 million in 2010.
However, after the 2010 season, Derek's remuneration decreased to $15 million in 2011, ultimately falling to $12 million during his final year in 2014. He was already 36 years old in 2011 and contributed significantly less in the 2013 season, playing only 13 games.
However, Jeter still showed outstanding performances in his older age, striking 377 home runs and 52 doubles from 1,327 At-bats in the 2012-2014 season. Captain Clutch also maintained a .284 batting average and 115 RBI. He also got the All-Star and Silver Slugger in his last three seasons.
Jeter Negotiated His First Contract In 1992
Derek agreed to join the Bronx Bombers after his draft and signed the first contract on 10 June 1992.
Later in March, Derek negotiated a $550,000 contract for 1 year with the Yankees. The following year, he re-negotiated the number to $750,000. On 1 February 1999, he signed the $5 million contract.
Captain Clutch eventually signed a multi-year contract worth $189 million over ten years on 9 February 2001. This was a blockbuster move from him and great news for the Yankees fanbase.
After the passage of 10 years, Jeter accepted a $51 million offer from the Yankees for 3 years. In November 2013, Derek signed a one-year extension and retired officially on 28 September 2014.
Derek Also Had Signing Bonuses With The Bronx Bombers
Derek Jeter signing bonus includes the $16 million he accepted for the 10-year contract in February 2001.
Moreover, Mr. November also signed a bonus of $800,000 at the start of his official Yankees career after getting drafted by them while studying at Kalamazoo Central High School.
After dedicating his life to baseball for the Bronx Bombers, Jeter played in the MiLB teams for four seasons before getting added to the 40-man roster in 1995.
During his minor league time, Jeter had come to understand the importance of consistency in baseball. His hard work and drive for consistency led him to get even greater offers from the Pinstripers.
Derek's Earnings As An Executive
Derek earned a remuneration of 5 million dollars as the CEO of the Miami Marlins.
Derek also had a $1 million worth of travel budget during his time there and received an extra $4 million as management fees.
During the 2020 season, amid the Covid-19 pandemic, Jeter decided to forgo his wages to pay the players and staff first. The pandemic had led to shutdowns and stadium shutdowns, which led to the loss of revenue for the MLB and his own team, the Marlins.