"There's a reason the Yankees themselves have stated Derek Jeter is their modern-day Babe Ruth," said Jeter's agent, Casey Close, according to the New York Daily News.
"Derek's significance to the team is much more than just stats. And yet, the Yankees' negotiating strategy remains baffling."
Jeter became a free agent for the first time in his career when his 10 year, $189 million contract expired at the end of the 2010 season.
"They continue to argue their points in the press and refuse to acknowledge Derek's total contribution to their franchise," Close added, according to the report.
The Yankees have reportedly made Jeter an offer for three years and $45 million. But Jeter is seeking a deal lasting at least four years and preferably longer, a source told ESPNNewYork.com's Wallace Matthews last week.