Hal spends his money ... on Jeter

Despite coming off an injury-plagued season, the New York Yankees chose to reward captain Derek Jeter for all his years of good service by re-signing the shortstop to a $12 million contract for 2014.

The new contract is $2.5 million more than the player option Jeter could have picked up.

A source with knowledge of the negotiations told ESPN New York that the talks were largely held between Jeter and team owner Hal Steinbrenner, who both live in Tampa. Jeter's agent Casey Close handled the details of the contract.

Jeter, who turns 40 in June, had the option to opt out of the final season of his current four-year contract and try free agency. The original deal called for him to make $9.5 million in 2014 -- more than half of the $17 million he had earned the previous three seasons. But Steinbrenner and Jeter made sure that didn't happen and helped each other's causes.

To read the rest of the story click here