Since his arrival into the baseball scene in 1996, Derek Jeter has not only turned himself into a baseball icon but a symbol of athletic perfection as well. Spending his entire 20-year career with the New York Yankees, he helped them win 7 pennants and 5 World Series, while also making the All-Star team nearly every year.
Jeter did not shy away from the bright spotlight of playing in New York, in fact, he embraced it. The “Kalamazoo Kid” had wanted to play shortstop for the Yankees for his entire life, and he did so in style, having earned $265,159,364 over the course of his 20-year career and his net worth currently stands at $185 million, three years into retirement.
Derek Jeter’s Net Worth as of 2019: $185 million
Let’s take a look at how Derek Jeter played his way to his huge net worth.
1996 – 2000
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In the early stages of his career, Jeter was under a contract similar to many other young players at the time. Paying him a low salary to begin with and then after a certain amount of service time was fulfilled, an arbitration salary. Eventually, he began earning a grand total of $6,430,000, making him one of the most underpaid superstars with three World Series victories to his name.
2001 – 2010
Prior to the start of the 2001 season, Jeter signed a 10-year $189 million contract extension with the Yankees, making him the second highest paid shortstop behind future teammate Alex Rodriguez. In those 10 years, the Yankees only failed to make the playoffs once, in 2008. Furthermore, Jeter raked in the awards, bringing home five Gold Glove awards, four Silver Sluggers, and being named to the All-Star team every year. Most importantly, however, he helped the Yankees win their 27th World Series title in 2009.
2010 – 2014
In 2010, Jeter became a free agent for the first time in his career. At the time, the Yankees were a team in transition, many of their stars were aging and they were not looking to pay their older members a large salary based on their past performance. This led to some hardball negotiations between the Yankees and Jeter, however, they were able to work things out and Jeter agreed to a three-year $51 million contract with a player option for the 2014 season, which he exercised in what would be his final campaign.
2014 – 2017
Following his retirement in 2014, Jeter has gone on to found The Player’s Tribune, a place where athletes can give a first person account of their experiences in professional sports. It has become a preferred place for athletes to inform the public of their free agency decisions, such was the case with Kevin Durant and Kevin Love, or revealing huge personal details, as Jason Collins did in his announcement that he was gay.
As far as Jeter’s personal life goes, his Sports Illustrated Swimsuit model wife Hannah Jeter announced that she was pregnant with the couple’s first child on February 13, 2017.
With $185 million in the bank and a prospering business in the Player’s Tribune, it is likely to see Derek Jeter’s net worth continue to grow in the coming years.
In April 2017, it was announced that Jeter and Jeb Bush would be purchasing the Miami Marlins.
The CEO of Miami Marlins, Derek Jete is working hard to ensure an increase in the team’s collective revenue this year.
Derek Jeter had decided to sell his Tiedemann castle located about 45-miles northwest of Manhattan last year and it is still available for $14.75 million if you wish to buy.