Let's get this out of the way real quick: Derek Jeter is a future Hall of Famer and should get in on the first ballot with 100 percent of the vote. His overall worth to the Yankees both as a player and as a symbol of the franchise cannot be overstated. That being said, giving an injury-plagued 39-year-old shortstop $12 million for a one-year deal is a bit of a risk. Jeter had a solid season in 2012 when he was healthy, but the likelihood that he'll stay healthy is low. Since the Yankees might be undergoing a rare rebuilding, this could be more of a valedictory gesture to one of their most important players.
Jeter hit only .190 this season in very limited time due to an array of injuries, but he hit .316 in a much healthier 2012 season.
Age isn't kind to any athlete, but Jeter has generally been good at making adjustments to his approach as he gets older.