Hall of Fame shortstop and New York Yankee legend turned CEO of the Miami Marlins, Derek Jeter, announced his departure from the MLB club this morning.
“Today I am announcing that the Miami Marlins and I are officially ending our relationship and I will no longer serve as CEO nor as a shareholder in the Club,” Jeter said in a statement. He adds, “We had a vision five years ago to turn the Marlins franchise around, and as CEO, I have been proud to put my name and reputation on the line to make our plan a reality. Through hard work, trust and accountability, we transformed every aspect of the franchise, reshaping the workforce, and developing a long-term strategic plan for success.”
Jeter went onto say, “That said, the vision for the future of the franchise is different than the one I signed up to lead. Now is the right time for me to step aside as a new season begins.
My family and I would like to thank our incredible staff, Marlins fans, Marlins players, and the greater Miami community for welcoming us with open arms and making us feel at home. The organization is stronger today than it was five years ago, and I am thankful and grateful to have been a part of this team.”
MLB Insider and baseball columnist, Joel Sherman, asserted the reasons for Jeter leaving had to do with the current MLB lockout, which affected the team’s current spending strategy.
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Jeter’s departure ends a five-year stint with the penny-pinching club, which began when he teamed with Bruce Sherman to purchase the team.
He was part of an ownership group that purchased the Marlins from Jeffrey Loria in 2017 for $1.2 billion. Jeter purchased a four-percent stake, around $25 million.
After last-place finishes in the NL East in 2018 and 2019, Miami made a surprise run into the expanded postseason in the COVID-shortened 2020 season, but took a step back last year, when it finished 67-95.
Prior to last July’s trade deadline, Jeter expressed disappointment with how the team was performing.
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