Report: Yankees Increase Offer to Jeter

The New York Yankees upped their offer to shortstop Derek Jeter by $2 million or $3 million, the New York Post reported Friday.

Last week, the team offered its captain a three-year, $45 million deal, far less than what Jeter was seeking. Over the weekend, numerous reports indicated that Jeter's agent, Casey Close, asked for a four-or-five-year deal worth about $23 million per season.

The Post said that, along with the pay increase, the Yankees "may have added an extra year that could be tied to a vested option."

According to a source, the Yankees told Close and Jeter in a meeting in Tampa, Fla., Tuesday night that they were willing to increase their offer.

The sides reportedly spoke again Thursday after not talking Wednesday, and Close informed Yankees brass that Jeter would be willing to back off his initial demands.

Both sides were hopeful a deal can be completed before Monday, when baseball executives gather in Orlando, Fla., for the Winter Meetings -- where the Yankees hoped to seal a deal for free agent pitcher Cliff Lee.

At 36, Jeter is coming off a season in which hit a career-worst .270. It was the final year of a 10-year, $189 million contract.