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Report: Jeter settles tax dispute with New York state

2/5/2008 - MLB Derek Jeter New York Yankees + more

ALBANY, N.Y. -- Derek Jeter settled his case with tax
officials, who had said the New York 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 of the settlement were not disclosed.

Jeter's representatives declined to comment. Tom Bergin,
spokesman for the state Department of Taxation and Finance, also
declined comment, saying it was a privacy issue.

Tax officials contended Jeter should have been taxed as a state
resident from 2001 to 2003. 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 New York City do.

Jeter's contract with the Yankees called for him to receive $11
million in 2001, $13 million in 2002 and $14 million in 2003. 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.

The case became public in November 2007 after
Administrative Law Judge Timothy Alston issued an order
telling tax officials to furnish Jeter with more detail about their
claims that Tampa, Fla., was no longer his home. Alston also said
the burden of proof was on the state.