What is a 'lifetime contract'? (details inside!)?

Question

So the off season is upon us, and on MLB Network's Hotstove yesterday (Friday November 5th) The analysts talked about what Derek Jeter's contract should be from the Yankees. One of them (Harold Reynolds, I believe) said that Derek Jeter should get a lifetime contract from the Yankees. So I was wondering, what is this?

and now for a BQ....
         Do you think Jeter should get a lifetime contract?

Thanks for your answer, have a nice day! :)

GTAP!! · Accepted Answer

You have signed a contract for the rest of your expected career or until you retire.


BQ:Yes he is one of few players that grew up in their farm system and has help them alot.

pak · Answer

Derek Jeter Contract Details

Danbob · Answer

a lifetime contract means your signed for life...... and yes jeter should get one with the yankees. even though hes not having a good hitting time hes still a great fielder and the heart and soul of the yankees

chrisarrow222 · Answer

Whatever is called a lifetime contract is not...it's impossible.

But we already know that Jeter will work with the Yankees as long as he wants...it's Jeter who calls the shots on that...because they promised him. Now it doesn't make any difference what contract is signed...it's a mutual understanding.

Susan S · Answer

he will have to stay with the Yankees. he likes the Yankees so what does it matter? The amount of money Jeter gets is really astounding.

Scooter_The_Squirrel_Agent · Answer

Means pretty much that he's the property of the team for life.

? · Answer

it means that he would be a Yankee till he retires

Anonymous · Answer

It means they own him for the rest of his life, he will eat, sleep, dream and crap pinstripes until the day he dies.

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What is a 'lifetime contract'? (details inside!)?

8 Answers