11/01/2013 13:43 EDT | Updated 01/23/2014 10:52 EST

Yankees re-sign Derek Jeter for 1 year, $12M

Shortstop Derek Jeter is returning for a 20th season with the New York Yankees.

And he even managed to get a raise despite missing all but 17 games in the 2013 campaign.

The Yankees on Friday announced they had signed Jeter for one year and $12 million US, a raise of $4 million from his $8-million player option for 2014.

Jeter, a five-time World Series champion and 13-time all-star, posted a .190 batting average this past season with a home run and seven runs batted in.

The 39-year-old will become the longest-tenured player in franchise history in his 2014 season debut, overtaking retired closer Mariano Rivera.

Jeter had four stints on the disabled list in 2013, one shy of matching his combined total from the previous 18 campaigns.

A career .312 hitter, he is ninth on baseball’s all-time hits list with 3,316.

Jeter has posted eight seasons of 200 or more hits, including a major league-leading 216 in 2012. The 11th captain in Yankees history has also been stellar in the field as an 11-time Gold Glove Award winner.

Jeter is one of only two players in Major League Baseball, along with Willie Mays, to record at least 3,000 hits, 250 home runs, 300 stolen bases and 1,200 RBIs.