The recently rumored terms of Derek Jeter’s contract are apparently inaccurate according Jeter’s agent Casey Close (via Yahoo Sports’ Tim Brown).

“The recently rumored terms of our contract extension are simply inaccurate,” said Close.

There have been rumors that Jeter was asking for a six-year deal worth $150 million, but the Yankees were only offering a three-year $45 million deal. The New York Times’ Michael S. Schmidt says that Close is asking for a four or five year deal at $23 to $24 million a year.

New York Daily News’ Bill Madden says that New York structured their offer to be significantly higher in both years and dollars than any 36-year-old shortstop could expect in the market. Also Jeter is coming off a season in which he hit a career-low .270 and his OPS dropped 161 points to .710, also a career low. Obviously the Yankees did that because Jeter is an iconic Yankee shortstop, and team’s captain. That’s why the Yankees are prepared to pay him upwards of $2 million more than any middle infielder in baseball today for the next three years.

Jeter’s contract has been a soap opera from the moment that Yankees’ GM Brian Cashman told Jeter to test the market, but they will likely end up tying the knot again, because as Madden says, it would be suicidal on both their parts not to.