11/18/2010 09:53 am ET Updated May 25, 2011

Yankees President Reportedly Allowing Derek Jeter To Test Free Agent Market

New York Yankees president Randy Levine told Anthony Mccarron of the New York Daily News that longtime Yankee Derek Jeter is allowed to test the free agent market.

"All I can say is we think he's a great Yankee, we think he's been a great Yankee and we've been great for him and this is the best place for him," said Levine. "But he's a free agent and he's allowed to test the market and do whatever he wants."

According to Wallace Matthews of ESPNNewYork, a source said that the Yankees want to give Jeter "more money than his play currently warrants," but the shortstop wants more years on his contract.

The 36-year-old reportedly wants a minimum of four years, but preferably five or six.

Jeter batted .270 with 10 home runs and 67 RBI in 2010.