Jeter Settles Tax Dispute

From MLB.com:

ALBANY, N.Y. -- Derek Jeter settled his case with tax officials, who had said the Yankees captain should have paid three years of taxes as a New York State resident.

A state official confirmed the settlement, which was first reported in Tuesday's New York Daily News. The official was not authorized to comment publicly and spoke to The Associated Press on condition of anonymity. Terms were not disclosed.

Tax officials contended Jeter should have been taxed as a state resident from 2001-03. Jeter, who has a Manhattan apartment, said he was a Florida resident and didn't owe New York taxes. Florida does not have a state income tax; New York state and city do.

Jeter's contract with the Yankees called for him to receive $11 million in 2001, $13 million in '02 and $14 million in '03. In addition, he has a $16 million signing bonus payable between February 2001 and June 2008.

Jeter bought an apartment at Trump World Tower in October 2001, according to New York City real-estate records.

At least this is out of the way before spring training begins in ten days. The Yankees have enough distractions going into the upcoming season.