NEW YORK, Dec. 7 (UPI) -- The New York Yankees and Derek Jeter announced Tuesday they have worked out a three-year deal with the veteran shortstop having a fourth-year option.
The team isn't saying how much it will pay Jeter to stick around but earlier reports said he was looking for at least $51 million.
The Yankees paid Jeter $189 million over the past 10 years.
Jeter, 36, batted a career-worst .270 with 10 home runs and 67 RBI in 2010 but won his fifth Gold Glove and scored 111 runs.
"We didn't want him going anywhere," Yankees General Manager Brian Cashman said. "This was a long negotiation like they always are. This was one of the big topics for this particular winter."
Team Manager Joe Girardi called Jeter "a true Yankee."
Jeter lamented how his contract wranglings had gone public but said the Yankees are "the only organization that I've ever wanted to play for and where I want to finish my career."
"I think the thing that bothered me the most was how public this became," Jeter said. "The negotiations were supposed to be private. It was not an enjoyable position to be in. I never wanted to be a free agent. I'd be lying if I said I wasn't angry at how some of this went."
The 11-time all-star needs just 74 hits to reach the 3,000 benchmark. He is a .314 career hitter with 234 homers, 1,135 RBI an 1,685 runs scored in 15 seasons.