NEW YORK (WFAN/AP) — The Yankees are expected to make their first contract offer to Derek Jeter, perhaps before week’s end, reports Joel Sherman of the New York Post.

According to Sherman, the offer is expected to be for at least three years.

From the Post:

“The Yankees had hoped Jeter would make an initial proposal, but now recognize that is not going to occur. So the team has decided it is time to try to move the negotiations forward.

“The expectation is the Yankees will offer something in the three-year, $45 million range, which will create some negotiating room to climb toward $57 million to $60 million on a three-year deal or perhaps go to a fourth-year option or a straight fourth year as a way to reach a settlement.”

WFAN’s Jon Heyman agrees with the report.

“Yankees will make Jeter a 3-year offer soon, as @joelsherman1 suggested. $45 mil is probably ballpark figure,” Heyman tweeted Thursday.

Jeter, his agent Casey Close, and Yankees officials including Hal Steinbrenner got together last week in Tampa, Florida. There have been additional discussions over the past week.

Jeter is a free agent for the first time after completing a 10-year contract this season.

pixy Report: Yankees On Verge Of Making Jeter 3 Year Offer

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