It is official. Derek Jeter is signed for 3 years and $48 million with a 4th year player option, which could bring the total deal to $56 million if exercised or $51 million if declined. In addition, there are $9 million in incentives that could bring the total deal to $65 million dollars over the 4 years. This article has all the details.
In other news, the Adrian Gonzalez trade to Boston fell through as they couldn't agree on an extension. Further more, Jayson Werth has signed a 7 year, $126 million deal with the Nationals. That leaves just Cliff Lee and Carl Crawford as the biggest pieces available in this free agent market.