Derek Jeter Net Worth (Money & Salary)

Professional Baseball Career

In the 1992 MLB draft, Jeter was a highly sought-after prospect and opted to pursue a professional career when the Yankees selected him with the sixth pick, signing for $800,000. From 1992 to 1995, he spent four seasons in the minor leagues, starting with the Rookie-level Gulf Coast Yankees in Tampa, Florida. Jeter eventually advanced to the Greensboro Hornets of the Class A South Atlantic League, where he had his first full season of professional play and was named Minor League Player of the Year by Baseball America. During his time in the minor leagues, he also played for the Tampa Yankees in the Class A-Advanced Florida State League,

The Class AA Eastern League’s Albany-Colonie Yankees and the Class AAA International League’s Columbus Clippers were both part of Jeter’s early career.

On May 29, 1995, after injuries sidelined starting shortstop Tony Fernandez and infielder Pat Kelly, Jeter made his Major League Baseball (MLB) debut. He was given the uniform number 2, a number previously worn by Mike Gallego from 1992 to 1994. Jeter became the first Yankees rookie to start as shortstop since Tom Tresh did on Opening Day during the 1962 season. That same day, he also recorded his first MLB home run. He achieved both Rookie of the Year honors and a World Series championship that year, contributing to Series-winning Yankees teams in 1996, 1998, 1999, 2000, and 2009.

His final season was 2014, during which the average ticket price for his last home game on September 25 reached $830 in the secondary market. Over the course of his career, he averaged 204 hits, 113 runs, and 21 stolen bases per 162 games. Jeter was the 28^th player to attain 3,000 hits, finishing his career ranked sixth in MLB history for total hits. Revered for both his on-field prowess and off-field integrity, Jeter managed to steer clear of major controversies throughout his extensive career. He dedicated his entire 20-year career to the New York Yankees and was inducted into the Baseball Hall of Fame in 2020 during his first year of eligibility. Additionally, the Yankees retired his uniform number, 2, in 2017.

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Business Interests

After an injury cut his 2013 season short, Jeter established an imprint called Jeter Publishing with Simon & Schuster, which he described as “the blueprint for postcareer.” In 2014, he also launched ThePlayersTribune.com, a website focused on daily sports content. By 2017, Jeter had taken on the roles of CEO and part owner of the Miami Marlins, with a 4% ownership stake, while partner Bruce Sherman served as the controlling owner. Jeter managed the team’s daily operations until he stepped down as CEO and sold his shares in February 2022.

Teaming up with entrepreneur Brian Lee and several venture capital firms, Jeter introduced the card grading, storage vault, and marketplace platform Arena Club in September 2022.

Personal Life

Jeter’s elevated profile has led to extensive media scrutiny of his personal life. He had a well-known relationship with singer Mariah Carey from 1997 to 1998 and has also dated several prominent models and actresses, including Vida Guerra, Joy Enriquez, Jordana Brewster, Jessica Biel, and Minka Kelly. In 2012, he began seeing model Hannah Davis, with whom he became engaged in 2015. The couple married in July 2016 and shares four children: three daughters and one son.

In July 2022, the documentary series The Captain, which chronicles Jeter’s life and career, premiered on ESPN.

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Contracts and Income

As previously mentioned, Derek Jeter accumulated a salary of $265 million alongside $150 million in endorsements.

In 2001, he secured a ten-year contract worth $189 million to stay with the Yankees. During the 1995 season, his earning was $5 million, and by the year 2000, it had increased to $10 million. When the full extent of his 10-year contract set in, he was making $20 million annually, with his highest income in 2010 reaching $22.6 million.

In 2010, Derek entered into a three-year deal with the Yankees worth $51 million. Prior to the 2014 season, he signed a one-year contract worth $12 million, marking his final MLB season.

During the peak of his career, including both salary and endorsements, his earnings ranged between $30 million to $35 million.

Due to his successful career and polished image, Derek attracted numerous high-paying endorsement deals with major brands such as Nike, Gatorade, Discover Card, Fleet Bank, VISA, Ford, and XM Satellite Radio. He stands out as one of the most marketable players in baseball history. Additionally, he collaborated with Avon to create a cologne called “Driven,” which he endorses as well.

(KAZUHIRO NOGI/AFP/Getty Images)

Miami Marlins

In August 2017, Derek and his partners, particularly Bruce Sherman, completed a $1.2 billion deal to purchase the Miami Marlins. Jeter reportedly invested $25 million to acquire a 4% stake in the team at a discounted rate.

Regrettably, by 2021, the valuation of the team had fallen to $990 million. At that valuation, Derek’s 4% stake was valued at $40 million. This represented a profitable return on his original $25 million investment, yet the decline was concerning. In late February 2022, it was revealed that Derek had parted ways with the Marlins, selling his 4% stake back to his partners when the team was valued at $1.12 billion, the lowest valuation in the league. Ultimately, Jeter bought a stake for $25 million, which he sold five years later for $44.8 million.

Real Estate

Greenwood, New York: In 2005, Derek acquired a historic 4-acre property in Greenwood, New York, for $1.2 million. He undertook a full restoration of the property, which boasts 700 feet of lakefront. Interestingly, Derek’s maternal grandfather was raised on this very property. By 2018, Derek had listed it for sale at $14.75 million. The home was set to be auctioned, starting…
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In November 2022, the price stood at $6.5 million.

New York City: In 2001, Derek acquired an 88th-floor penthouse apartment in Trump World Tower located on Manhattan’s East Side for $12.72 million. He placed the apartment on the market in 2010 with a price tag of $20 million. In October 2012, he successfully sold it for $15.5 million. Below, you can view a video tour of Derek’s apartment as it appeared in December 2021, at which point the new owner had listed it for $16.5 million:

Tampa, Florida: In 2011, Derek built a custom waterfront mansion spanning 22,000 square feet in Tampa, Florida. To create space for the mansion, he acquired three lots that previously hosted smaller, modest single-family homes and apartments. These three combined lots cover a total of 1.26 acres. The two-story mansion features seven bedrooms, nine bathrooms, an entertaining area, a billiards room, a memorabilia space, and two three-car garages. The residence earned the nickname “St. Jetersburg.” After relocating to Tampa, Tom Brady and his wife Gisele Bundchen rented the home for $75,000 a month before buying their own mansion for $17 million.

Here’s a video tour showcasing St. Jetersburg:

Derek listed the home for sale at $29 million in September 2020, eventually selling it for $22.5 million in May 2021.

Miami, Florida: In April 2021, Derek made a $16.6 million purchase for an undeveloped waterfront lot spanning 2 acres in Coral Gables, Florida. This parcel features 325 linear feet of waterfront. While the construction of his mansion was underway, the Jeters resided in another Coral Gables mansion, which Derek bought in 2018 for $6.5 million.