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Derek Sanderson Jeter, professionally known as Derek Jeter, is an American former professional baseball executive. He spent 2 decades as a player of Major League Baseball (MLB) with the New York Yankees.
He garnered 396 out of 397 votes (99.75%), the second-highest percentage in MLB history (behind his teammate Mariano Rivera), and the highest by a position player.
Jeter was inducted into the Baseball Hall of Fame in his first year of eligibility in 2020. From September 2017 to February 2022, he served as both the Miami Marlins’ league president and CEO. A five-time World Series champion with the Yankees, in 2017, the Yankees retired his uniform number 2.
The followers of the player are excited to know how rich Derek Jeter is. In this article, you will get to know about Derek’s net worth along with his professional and personal life.
Who Is Derek Jeter?
Jeter was born on June 26, 1974, in Pequannock Township, New Jersey. He is the son of substance abuse counselor Sanderson Charles Jeter and accountant Dorothy.
His father is African American, while his mother has English, German, and Irish ancestry. They became friends while serving in the American Army in Germany. Jeter’s younger sister Sharlee was born in 1979.
Up until Derek turned four, the Jeters resided in New Jersey before relocating to Kalamazoo, Michigan. Jeter started playing little league baseball at the age of five.
Jeter grew to love the New York Yankees after going to games with his grandparents. He was inspired to play baseball after seeing famous outfielder Dave Winfield.
Jeter went to Kalamazoo Central High School, where he participated in baseball in the spring, basketball in the winter, and cross-country running in the autumn. Jeter received a baseball scholarship to attend the University of Michigan to compete for the Michigan Wolverines in college baseball.
When Derek Jeter Started His Professional Career?
In the 1992 MLB Draught, the Houston Astros had the first overall pick. Hall of Fame pitcher Hal Newhouser thoroughly assessed Jeter and pushed the organization to choose him.
They chose outfielder Phil Nevin from Cal State Fullerton, who signed for $700,000, out of concern that Jeter would demand a salary bonus of at least $1 million to forego college for a professional deal.
Jeter was also highly regarded by the Yankees, who picked sixth. Dick Groch, a Yankees scout stationed in the Midwest, observed Jeter take part in an all-star camp at Western Michigan University. Jeter was picked by the Yankees and decided to turn pro, signing a contract for $800,000.
The National Association of Professional Baseball Leagues (NAPBL), sometimes known as Minor League Baseball, was where Jeter spent four seasons.
Jeter started the 1992 campaign with the Tampa, Florida-based Gulf Coast Yankees of the Gulf Coast League’s Rookie division. In his first game as a professional, Jeter did not hit in seven at-bats (0 for 7) and struck out five times.
The following offseason, Jeter concentrated on his fielding. Before the 1993 season, Jeter was ranked 44th by Baseball America among the top 100 baseball players.
Baseball America ranked Jeter as the 16th-best prospect in baseball following his successful 1993 season. During the 1994 season, Jeter played for the Columbus Clippers of the Class AAA International League, the Albany-Colonie Yankees of the Class AA Eastern League, and the Tampa Yankees of the Class A-Advanced Florida State League (FSL).
Both Pat Kelly, an infielder, and Fernández had injuries early in the 1995 season. Therefore, Jeter made his MLB debut on May 29, 1995. For the 1996 campaign, newly recruited Yankees manager Joe Torre went to Jeter after an underperforming Fernández batted. After that,
The Yankees won the 1996 World Series after defeating the Atlanta Braves, becoming the first team to do so since the 1978 World Series. Jeter initially spoke with Rodriguez, the first overall pick in the 1993 MLB draught, about his experiences as a high-first-round pick.
Jeter and the Yankees came to an agreement on a $540,000 contract with performance bonuses before the 1997 season. For the 1998 season, he made $750.000. Jeter received his first All-Star Game selection that year.
Jeter hit.353 in the World Series as the Yankees defeated the San Diego Padres in four games. In the voting for the AL Most Valuable Player (MVP) Award at the end of the season, Jeter came in third.
Jeter received a $5 million salary before the 1999 campaign. The Yankees and Jeter bargained over the 1999–2000 offseason and came to a tentative agreement on a seven–year, $118.5–million contract. To avoid arbitration, Jeter and the Yankees agreed to a one-year deal worth $10 million.
He had three hits in the 2000 MLB All-Star Game, including a two-run single that gave his team the lead and the victory. For the first time ever, a Yankee won the All-Star Game MVP Award because of his efforts.
Following eight seasons without a captain when Don Mattingly retired in 1995, Steinbrenner selected Jeter as the Yankees’ captain on June 3, 2003.
When the Yankees signed Johnny Damon to play center field and bat first for the 2006 campaign, Jeter was moved to the second spot in the batting order.
On September 14, 2008, Jeter hit a home run off Tampa Bay Rays pitcher David Price to tie Lou Gehrig’s record of 1,269 hits at Yankee Stadium. On September 16, he defeated Chicago White Sox pitcher Gavin Floyd to set a new record.
The only full season of Jeter’s career where he did not play in the postseason was when the Yankees were eliminated from postseason contention.
Jeter and Damon were moved in the hitting order for the 2009 season by Yankees manager Joe Girardi, with Jeter moving to leadoff and Damon to second.
In any of the four major North American professional sports (MLB, NFL, NBA, or NHL), Jeter, Posada, and Rivera became the first trio of teammates to play together for at least 16 straight seasons.
For the first time in his career, Jeter was a free agent following the 2010 campaign.
For the 2014 season, Jeter re-signed with the Yankees on a one-year, $12 million deal. On February 12, 2014, Jeter posted on his Facebook page that the 2014 season would be his final one.
Who Is Jeter’s Wife?
Since their 2016 marriage, Derek Jeter and Hannah Davis Jeter have welcomed four children.
In 2012, they initially met through mutual friends. Although Hannah eventually relocated to New York City, she was born and raised in St. Thomas in the U.S. Virgin Islands.
Still, she knew nothing about Derek before they met. Shortly after the sportsman broke his four-year relationship with Minka Kelly, the swimsuit model met her future husband through a friend.
The couple began their relationship in secret. They got married in July 2016 after officially announcing their engagement in November 2015, and they have four kids.
How Rich Derek Jeter Is?
According to CelebrityNetWorth, the total wealth of Derek Jeter is $200 million. He made $265 million in baseball wages alone over the course of his career.
His lifetime earnings were $415 million, including at least $150 million from endorsements. He is regarded as one of the most well-liked and wealthy sports figures in recent memory.
He was awarded a number of awards as follows:
- Five-time World Series Champion (1996, 1998, 1999, 2000, 2009)
- 14-time All-Star (1998-2002, 2004-2014)
- Five-time Gold Glove Award winner (2004-2006, 2009, 2010)
- Five-time Silver Slugger Award winner (2006-2009, 2012)
- 1996 American League Rookie of the Year
- 2000 World Series MVP
- 2009 Hank Aaron Award
- Two-time AL Hank Aaron Award (2006, 2009)
- 2014 Roberto Clemente Award
- Inducted into the Baseball Hall of Fame in 2020.