- Associated Press - Thursday, December 2, 2010

NEW YORK | The New York Yankees have increased their contract offer to Derek Jeter.

The team informed Jeter’s side of the new offer during a telephone conversation early Thursday, a person familiar with the negotiations said. The person spoke on condition of anonymity because no announcement was made.

New York opened with a $45 million, three-year offer last month, then awaited a formal proposal from its captain. It was not known whether the new offer improved the value, contract length or both.

 

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