Derek Jeter is a master of baseball ... and women ... which is why a ladies lingerie company thinks he's the perfect spokesperson to push their panties.
saying, "it appears your contract with Frigo went under," and offered $25,000 for Jeter to be their holiday spokesperson.
The company -- which touts itself as having over 5,000 bra/undie combos -- is also offering Jeter's fianceé, Hannah Davis, a lifetime supply of lingerie.
TMZ Sports broke the story -- Derek Jeter was sued for allegedly backing out on promoting an underwear line ... and also blocking 50 Cent from participating.
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