Derek Jeter Leaves Marlins CEO


Yankees’ shortest name for the Hall of Fame, Derek Jeter, stepped down as CEO of the Miami Marlins on Monday. ambitious second career four and a half years later, he’s in charge of one of baseball’s most frustrating teams.

Jeter said in a statement that he will no longer serve as an investor or shareholder in Marlins. He owned a 4 percent stake as part of a group that paid $1.2 billion for the franchise in 2017. The group was led by Bruce Sherman, a wealth management executive from New York.

“Five years ago we had a vision to reverse the Marlins franchise, and as CEO, I am proud to put my name and reputation on the line to make our plan a reality,” Jeter said in a statement.

“Through hard work, trust and accountability, we have transformed every aspect of the franchise by reshaping the workforce and developing a long-term strategic plan for success. However, the vision for the future of the franchise is different from the one I signed up to lead. Now is the right time for me to step aside as a new season begins.”

The Marlins have never won a divisional title in their 29 seasons, but they have won the World Series title. 1997 and 2003. His only other playoff appearances came under Jeter’s direction. expanded format in 2020They won the first-round series against the Chicago Cubs at the age of 31-29.

However, in Jeter’s three full seasons, the team lost 98, 105, and 95 games, continuing the franchise’s pattern of meager payrolls and low attendance. The Marlins were ranked 23rd on the payroll in 2018, and 29th, 27th, and 28th in subsequent seasons, according to the Baseball Prospectus. Their participation places them in last place each year in the National League, where tickets have been sold since 2013.

“The Marlins thank Derek for his contribution and wish him luck in his future endeavours,” Sherman said in a statement. “We have a deep talent team to oversee both business and baseball decisions as we seek to nominate a new CEO to lead our franchise. The ownership group is committed to continuing to invest in the future of the franchise and we will be returning post-season and support Marlins fans and the local community. We are committed to building a team that will excite us.”

Jeter recruited several former Yankees officials throughout the organization, including Kim Ng. First female general manager in Major League Baseball history in November 2020.

Jeter’s resignation was another blow to MLB, which locked players on December 2, leading to the cancellation of spring practice games and threatening the start of the regular season. In a statement, Commissioner Rob Manfred hailed Jeter as “a highly respected voice on our diversity and competition committees” and praised her for recruiting women in senior roles.

“Derek is the pillar of our game and we look forward to the future contributions of baseball,” Manfred said.



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