It is being reported that the Yankees captain and shortstop will re-sign with the only team he has ever known.

Jeter will re-sign with New York for three years anywhere between $45-51 million with a potential fourth year in place, according to Ken Rosenthal of FOX Sports.

It’s about time the two parties were able to come to some sort of agreement.

This process took far too long for one of the Yankees’ all time greats and first ballot Hall of Famer. Derek Jeter is far too important to the Yankees, Yankees nation and Major League Baseball in general.

Jeter is the face of the team and the Majors. The amount of money the Yankees profit on Jeter alone made this re-signing a no-brainer. Money should never have been a topic of discussion. Jeter is worth every penny.

The Yankees just completed a two-year deal with Hall of Fame closer Mariano Rivera for $30 million.

Now that he Yankees has two of their staples back on the team, they can finally focus on bringing in free agent acquisitions such as Cliff Lee and Carl Crawford. Both are necessary acquisitions to bring a 28th championship to New York now that the Red Sox will bring in Adrian Gonzalez, one of the most feared hitters in the league, to Beantown.

The re-signing process took too long for Derek Jeter and Mariano Rivera, but at least it’s over. Yankee nation can sleep softly knowing their Hall of Fame cogs are back with the Empire. The dynasty will continue in 2011 with two of the greatest players to ever grace the diamond on board.

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