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No arbitration for Derek Jeter

Updated: November 24, 2010, 6:43 PM ET
ESPNNewYork.com

New York Yankees' Derek Jeter failed to receive a salary arbitration offer as one of the first deadlines of baseball's offseason passed.

The two sides must now hammer out a deal or go their separate ways. The Yankees have reportedly offered Jeter a three-year deal for $45 million.

If the Yankees had offered arbitration, the shortstop could have accepted a one-year salary set by an arbitrator or signed elsewhere. If he walked, the Yankees would have received two draft picks. ...

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