A source told Wallace Matthews of ESPN New York on Wednesday that Jeter is seeking a contract of at least four years and preferably five or six. The Yankees, meanwhile, are only willing to offer him three.

A deal is going to get done eventually — there’s pretty much no doubt about that — but there is a serious disagreement between the two sides about Jeter’s value and Thanksgiving is just one week away. If the negotiations run into early December, or even late December, it might no longer be possible to avoid a public relations nightmare.

“Derek Jeter is a great Yankee and he’s a great player,” Yankees president Randy Levine told ESPN New York on Wednesday. “With that said and done, now is a different negotiation than 10 years ago. … It’s a business.”

Strap in, Yankees fans. This one has all the potential for ugliness.

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