Derek Jeter, Yankees Agree to Deal It's a guaranteed 3 years for up to $51 million total By John Johnson, Newser Staff Posted Dec 4, 2010 4:57 PM CST 5 comments Comments Derek Jeter will be back with the Yankees next season. (AP Photo/Mark J. Terrill, File) (Newser) – After lots of posturing, it's the result pretty much everybody expected: Derek Jeter will remain with the Yankees. He and the club agreed to a three-year deal that will pay him up to $51 million total, reports the Daily News. The deal also includes some kind of option for a fourth year. It's about a $2 million-a-year cut in salary, but still pretty good money for a 36-year-old shortstop coming off a lackluster year by his standards.