Baseball: Group led by Derek Jeter & Jeb Bush win auction for Miami Marlins for $1.3 billion UPDATE: Steps Down

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Group led by Derek Jeter and Jeb Bush win auction for Miami Marlins

The Miami Marlins might have some famous new owners.

The agreed upon price to purchase the Marlins is reportedly $1.3 billion


According to Bloomberg's Scott Soshnick, the group led by former New York Yankees shortstop Derek Jeter and former Florida governor and presidential hopeful Jeb Bush have won the bidding for the Marlins:

A group led by former Florida governor Jeb Bush and former New York Yankees captain Derek Jeter have won the auction for the Miami Marlins baseball team, according to a person with knowledge of the deal.

The person requested anonymity because the sale contract hasn't been signed. The person declined to say how much the group paid for the team, which is owned by New York art dealer Jeff Loria.

This report has yet to be confirmed by any of the parties involved. Barry Jackson of the Miami Herald, however, did confirm -- and noted the agreed upon price is $1.3 billion:





Jackson has since wrote an article on the situation, noting why Loria is interested in selling off the team:

According to a New York-based Loria associate, Loria decided to sell the team for a variety of factors: his belief that leaving baseball and getting his estate in order was prudent at this stage of his life at 76; sadness over the death over Jose Fernandez, unhappiness with years of being criticized by fans and prolonged losing since winning a World Series in 2003, among other factors.

Assuming Jackson's report is true, it'll give a new raise to the main question facing the Jeter-Bush group -- where's the money coming from? Maury Brown has written about the topic before for Forbes. It's worth noting no sale can be approved until the next owners meeting -- conveniently scheduled for sometime in May:



Marlins president David Samson offered no comment when asked by Local 10 News of Miami:

"I have not commented on the process and plan to keep it that way." Samson told Local 10 Sports Director Will Manso in a text.

We'll have more on this story as it develops.

http://www.cbssports.com/mlb/news/r...r-and-jeb-bush-win-auction-for-miami-marlins/
 
Jeb Bush-Derek Jeter group reportedly has agreement to buy Marlins
6:22 PM ET

Former New York Yankees shortstop Derek Jeter is part of a group led by ex-Florida Gov. Jeb Bush that has reached an agreement to purchase the Miami Marlins after submitting a bid of $1.3 billion, according to multiple media reports.


http://www.espn.com/mlb/story/_/id/...jeter-reportedly-wins-right-buy-miami-marlins

According to the Miami Herald and Bloomberg, Marlins owner Jeffrey Loria has reached an agreement to sell the Marlins to the Bush-Jeter group after their bid won the auction ahead of other potential buyers for exclusive negotiating rights.

There still is a long way to go in the process. Both news outlets, citing sources, said there is no contract as of yet and that the sale would still need approval from Major League Baseball.

"I have not commented on the process and plan to keep it that way, thank you," Marlins president David Samson told the Miami Herald.

Jeter, who retired in 2014 after 20 seasons with the Yankees, has long talked about owning a franchise.

Bush served as governor of Florida from 1999 to 2007. His brother, former President George W. Bush, was part-owner of the Texas Rangers from 1989 to 1998.

Other groups reportedly involved in the bidding process to negotiate for the purchase of the Marlins included New York businessman Wayne Rothbaum and another by Massachusetts businessman Tagg Romney that included former Braves pitcher Tom Glavine.

Loria, 76, bought the Marlins in 2002 for $158.5 million.
 
https://www.theplayerstribune.com/derek-jeter-thank-you-new-york/

New York, I want to tell you a story — about a kid who grew up in the Midwest, in a town called Kalamazoo. Quiet, unsure and at times a little intimidated. A homebody at heart. About a kid with a dream who moved to a big city — to the big city. A kid who was just trying to keep up with everyone else.

A lot was asked of that kid. And I always respected the challenge to prove myself each and every day. The lights were always bright. The pace was always fast. The stakes were always high, and the expectations higher. And in those difficult moments — those moments that feel unique to New York — you always showed me a sign.

All I had to do was look: It was a little girl’s tip of her cap, or a shout from across the street, or a rallying chant from the upper decks of Yankee Stadium that made its way down to the field. Or the support from teammates who taught me about the spirit of this city: That we’re all in this together, and we have to look out for one another.

New York, I’ll never forget how you looked out for me.

And throughout 20 years in pinstripes, I learned that despite the pace and the pressure, one code truly makes this city go: Get up each day, put on your uniform, go to work, do your best, and don’t make excuses.

That’s all New York ever really asks for.

And that’s what I tried to do.

Thank you, New York, for asking a lot of me. For challenging me. For giving this kid a place to grow up. I wasn’t born a New Yorker — you asked me to earn it. I wasn’t born a Yankee, but you made me into one.

Everyone comes to this city with dreams of being No. 1. You showed me that being No. 2 was more than enough.

Today I’m no longer that kid. I’ve hung up my uniform, and I know this much for a fact: I wouldn’t be the person I am today without you. Because the truth is, no matter where you go in the world, when a place feels like home, as New York does to me, you never really leave.

It will always be with you.

 
Derek Jeter-Led Group Unanimously Approved to Buy Marlins by MLB Owners
JOSEPH ZUCKERSEPTEMBER 27, 2017




hi-res-db0deec9c915a8fcf927b4536522eb8e_crop_north.jpg

Seth Wenig/Associated Press
MLB owners unanimously approved the sale of the Miami Marlins from Jeffrey Loria to an ownership group led by New York businessman Bruce Sherman and former New York Yankees shortstop Derek Jeter, Fox Sports' Ken Rosenthal reported Wednesday.

Sherman and Jeter reached an agreement in August to purchase the Marlins for $1.2 billion. Rosenthal added the pair still need to close on the deal and that they're expected to do so "within next week."

Despite not officially having ownership of the Marlins, Sherman and Jeter have already begun making plans for the franchise.

FanRag Sports' Jon Heyman reported the new owners are expected to fire team president David Samson. The Miami Herald's Barry Jackson and Clark Spencer also reported Jeter instructed Samson to fire Andre Dawson, Tony Perez, Jack McKeon and Jeff Conine, all of whom had been special assistants within the organization.

Both Dawson and Conine played for the Marlins, while McKeon managed the team to its last World Series win in 2003.

According to Jackson, trimming payroll will be another of Sherman and Jeter's first tasks. The Marlins are 21st in payroll, with salaries totaling a little over $117 million in 2017, per Spotrac. Jackson spoke to a potential investor who said that figure could fall to as low as $55 million if Miami trades Giancarlo Stanton. Should Stanton stay, the ownership group plans to spend $80 million to $85 million.
 
http://www.nydailynews.com/sports/b...s-slugger-giancarlo-stanton-article-1.3687474

Yankees fans are on the verge of receiving an early Christmas present: 2017 NL MVP Giancarlo Stanton.

Bombers GM Brian Cashman has a blockbuster deal in place with Derek Jeter and the desperate Marlins to land the 28-year-old slugger, according to multiple national reports.

The Yankees are one of the teams Stanton has said he would waive his no trade-clause for.

The exact package going to Miami is not yet known, but it will be some sort of combination of a veterans and lesser tier prospects, according to reports. Stanton is due $295 million over the next 10 years, and the Yankees have made it a mandate that they will get under the $197 million luxury-tax threshold for 2018.

Jacoby Ellsbury, Starlin Castro, Chase Headley and Brett Gardner have been mentioned as possibilities, with Ellsbury seen as unlikely given he still has $68.5 million and three years remaining on his albatross of a deal - plus a no-trade clause. Castro has about two years and $22.8 million left, while Headley and Gardner are each one year and $13 million and $11.5 million, respectively.

The prospects going the other way would presumably not include Gleyber Torres, Justus Sheffield or Estevan Florial, all of whom scouts rave about. Still, Gary Denbo knows the Yankees' system as well as anyone, so he's more apt to find the next Robinson Cano than the next Joaquin Arias.

So much for not getting Shohei Ohtani. This is some type of consolation prize.

And so much for the Bombers being considered “likeable.” No, this would mean the Evil Empire is back, the type of game-changer that was A-Rod for Alfonso Soriano back in 2004.

If Stanton says yes, new manager Aaron Boone would have the luxury of setting up his 2018 lineup with Aaron Judge, Stanton and Gary Sanchez hitting 2-3-4, if he so desires.

udge (52) and Stanton (59) – the home run kings in the AL and NL last season – combined for 111 homers in 2017.

But is this town big enough for the both of them? Can there be a Judge's Chambers, and, as one clever Twitter user suggested, a Stanton Island?

Back in May, Stanton, whose contract contains a 2020 opt-out got annoyed simply by having to answer so many questions about the emerging Judge. How would he deal with actual adversity in this city?

He's also had his share of injuries in his career, averaging 115 games played from 2012-16 due to various ailments, though he did play in 159 games in 2017. Judge, the AL Rookie of the Year and runner-up for AL MVP, underwent offseason shoulder surgery.

This all seems like the perfect storm, given that it never felt like this was going to happen. The Bombers finished second in the majors in runs scored last season, and really need starting pitching, not a second power-hitting superstar right fielder.

But a rare opportunity such as this one proved to be a perfect storm of sorts, with Stanton holding all the cards and Jeter and the Marlins trying to get out of a reported $400 million debt.

Miami had deals in place with the Cardinals and Giants, but both teams backed out with Stanton not wanting to play in either St. Louis or San Francisco.

Cashman reportedly told Jeter that he'd rather have Troy Tulowitzki than the then 36-year-old shortstop when the two sides were contentiously negotiating Jeter's final contract in the offseason following the 2010 campaign. Eight years later, you wonder if Jeter will get a World Series ring from his old team if this deal goes through and the Bombers win it all.
 
It’s a shame the Miami Marlins always have to go to this every few years they have a good team sometimes and yet they break apart the team being cheap
 
Doesn't matter who buys them, no one goes to see them play.
Don’t matter because of the profit sharing in baseball the owners will always see a check even if they win no games. Yankees Red Sox angels and a few of the other big market teams keep those owners pockets fat
 
If the Marlins are worth 1.3 Billion what are teams like the Yankees, Lakers, Patriots, Dodgers, Red Sox, NY Giants and Cowboys really worth today.
 
The education of Derek Jeter, baseball CEO



MIAMI -- FOR TWO DECADES
as New York Yankees shortstop, Derek Jeter distinguished himself with his impeccable work habits and mind-numbing consistency. He hit .310 in the regular season and .308 in October, and the teammates who accompanied him on his journey will attest that his demeanor in Game 7 of the World Series mirrored his approach in routine April games at Tropicana Field or Camden Yards.

Jeter embodied the phrase, "Control what you can control.'' But nothing could prepare him for his first game as an owner, and the helplessness of waiting for DJ Khaled to finish his 30-minute set in time for Jose Urena's scheduled first pitch of the 2018 season opener.

The Marlins were hosting the Cubs on March 29, and as game time approached for the 12:40 p.m. ET ESPN broadcast and DJ Khaled wrapped up his new team song, "Just Gettin' Started,'' Jeter kept checking his watch and calculating the logistics. That stress-inducing moment provided a window into the challenges awaiting Miami's new baseball messiah.


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"It's funny,'' Jeter says. "I never thought I would be sitting in the stands worried about whether or not our stage would be taken down prior to the first pitch. Those are the little things you never really take into consideration when you're a player.''

In his role as Marlins part-owner and chief executive officer, Jeter is responsible for making sure everything runs on time -- and the ushers are polite, the farm system is stocked and the in-game entertainment is, well, entertaining. No detail is too small, and each correct decision brings the Marlins closer to relevance and Jeter's ultimate goal: a sixth championship ring.

More than 10 months have passed since a group led by Jeter and billionaire businessman Bruce Sherman bought the Marlins from Jeffrey Loria for $1.2 billion and embarked on two grand experiments. The first: build a foundation for sustainable success in Miami, where the Marlins have won two titles but surpassed 2 million in attendance only twice over the past 24 seasons.

The second: show the world that a former player with no experience in the corporate or management realm can make a successful transition to ownership. Jeter reportedly has a 5 percent stake in the operation, but he's 100 percent invested emotionally.

Jeter still owns his 32,000-square-foot Tampa manor, dubbed "St. Jetersburg.'' But he now lives full-time in Miami with his wife, Hannah, and their daughter Bella Raine, who turns 1 on Friday. Among the other firsts he has experienced in the past year: his first owners meetings and his first spring training, Opening Day, amateur draft and trade deadline as a chief executive.

His vision persists even as Brian Anderson, Magneuris Sierra and Rafael Ortegaman the outfield spots previously held by Giancarlo Stanton, Christian Yelichand Marcell Ozuna. The Marlins are 48-73, 20 games out of first place in the National League East and last in the majors in attendance, but Jeter is ardent in laying out the tenets of his mission statement.


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Jeter insists on building a "first-class organization." Surrounding himself with good people is pivotal. Accountability is paramount. And he is resolute in his expectations, even though he's part of a different club now.

"It's strange,'' Jeter says. "When you're a player and you're playing against a particular team, all you think about is beating them, beating them, beating them. When you come into an ownership situation, so many people are reaching out and wanting to help. People keep asking me, 'Is there anything I can do to help? Is there any information you want to know?' I thought initially I was being recorded for some hidden camera show.''

Ask him the simplest question -- why does he need the headaches when he could be out playing golf, basking in his celebrity status and sitting on his $265 million in career earnings -- and he reflects on a life decision he made in his formative years in the Yankees' system.

"I moved to Tampa full-time when I was 19 years old,'' Jeter says. "I wanted to work out at the minor league complex every day, because I always thought in my head if it came down to a decision between promoting me or someone else, they would say, 'Well, at least we see him working hard.' That's the reason why I moved down to Tampa.

"While I was there around the minor league complex, I tried to learn as much as I possibly could about scouting and player development. I started saying it publicly about 10 years before I retired: I could never see myself coaching or managing or scouting. I wanted to have an opportunity to build something, and I spent as much time as I could learning about how baseball operations are run. And there's a lot. I'm still learning every day I'm here.''

"When you're a player and you're playing against a particular team, all you think about is beating them, beating them, beating them. When you come into an ownership situation, so many people are reaching out and wanting to help. People keep asking me, 'Is there anything I can do to help? Is there any information you want to know?' I thought initially I was being recorded for some hidden camera show."Derek Jeter on his new role in Miami
Along with David Beckham, who is bringing a Major League Soccer team to the city, Jeter is the most prominent face of Miami sports these days. He is gradually coming to grips with the scrutiny.

"If you think anything that happened over the winter is going to deter him, you're sadly mistaken,'' says Marlins manager Don Mattingly. "There are going to be some bumps in the road, but he's not going to give in or give up. He was the toughest player I've ever seen mentally, and that translates to what he's doing now.

"It would be hard for me to doubt what he says and what he's going to do when he makes a commitment to something. I believe in him 100 percent -- where he's going and where we're going. I believe this is going to be a great place for years to come.''

laid off after cancer surgery, and Jeter took flak for attending a Monday Night Football game during baseball's winter meetings.

After years of largely Teflon news coverage, everything stuck. The last time Jeter felt this besieged, he was making 56 errors in the Sally League in 1993.

one of the photos, he sat at a desk beside an industrial strength dispenser of hand sanitizer. It belonged to David Samson, the outgoing Marlins president. But USA Today ran a story with the headline "Derek Jeter has a giant hand sanitizer dispenser behind his impressive new desk,'' and fans on social media speculated that the Captain might be a closet germaphobe.

Six months later, the dispenser is history, the old black carpet has been replaced by a lush off-white, and the combination of overhead lighting and sun streaming through the front window gives Jeter's surroundings an eerily dream-like quality. He faces a massive tank filled with tropical fish that is another remnant of Samson's tenure. His ambivalent reaction suggests it would not be his first choice if he were designing the office from scratch.

Jeter, clad in his new uniform of dark slacks and a white collared dress shirt, is generally at his office by 9 a.m, and his work day can extend to 13 or 14 hours when the Marlins have a home game. He oversees strategy meetings and leans heavily on Caroline O'Connor, the team's senior vice president and chief of staff, and Chip Bowers, the former Golden State Warriors executive entrusted with running the Marlins' business operations.

Among the big-picture items on his agenda: negotiating new TV and stadium naming rights deals, "rebranding'' the team uniform and colors, upgrading the spring training complex in Jupiter, Florida, and figuring out where the Marlins are headed with All-Star catcher J.T. Realmuto, the team's best player and a free agent in 2021.

Jeter sweats the little things, as well. When the Marlins recently promoted 2018 draft picks Connor Scott, Osiris Johnson and Will Banfield from the Gulf Coast League to the South Atlantic League, Jeter was in the loop and offered his thoughts on the transition. He knows because he made the same jump in the summer of 1992.

"It's good to have an owner who understands the difficulty of advancing through the minors to the majors,'' says Gary Denbo, the Marlins' vice president of player development and scouting.

Martin Prado filed away one particular morsel from Jeter during those encounters.

"He said it's like building a new building,'' Prado says. "If the base of that building is strong, even if it's 100 floors, it's not going to fall. But if you have a weak or fractured building, you're not going build over that fractured base. That's the mentality they have here now. ''

Dee Gordon were mixed, and ESPN's Keith Law and other outlets still rank the team's farm system in the bottom third among MLB clubs.

But the Marlins have added depth to the system with the addition of more than 30 players in trades over the past year, and they've made expenditures under the Jeter regime that were previously unheard of in Miami. They exceeded their $8.66 million June draft bonus pool by 4.5 percent and paid a $300,000 penalty as a result. They spent $1.8 million -- more than double the allotted value for the 69th overall pick -- to sign Will Banfield, a Georgia-born catcher who was bound for Vanderbilt University.

They're also on the prowl for international talent. When they acquired $250,000 in pool money from the Seattle Mariners in a recent trade for outfielder Cameron Maybin, it was a first in franchise history. The Marlins' $4.35 million international bonus pool is the second highest in baseball to the Baltimore Orioles' $8 million-plus stockpile, and they hope it will give them a fighting chance to sign Victor Victor Mesa, a Cuban sensation who could be a natural fit in South Florida.

"This should be a destination spot for every Latin player, amateur or professional,'' GM Hill says. "They should want to play here. It's a great city and a great ballpark, and they're going to want to be a part of what we're building.''

Do the Marlins need a drawing card the magnitude of a Jose Fernandez, Stanton or Jeter to rekindle fan interest? The owner doesn't necessarily subscribe to that theory.

"You still need to win,'' says Jeter, who notes that the Marlins finished 28th in attendance last year even with Stanton hitting 59 home runs.

EMILY GLASS, WHO joined the Marlins in the spring as the team's new education coordinator, has a background that's diverse, to say the least. She spent two years as an NCAA Division II softball player at Pomona College in California before traveling to Australia, where she played in an age 18-to-35 men's baseball league. After that, she coached a Little League baseball team in Japan. "I'm always just trying to have fun,'' Glass says.

Early in her tenure, Glass found some situations she thought needed addressing and approached management with her concerns. There were minor leaguers who had slept in quarters with no air conditioning. She informed Jeter and Denbo, and the problem disappeared. When she suggested hiring two or three full-time teachers and buying new Dell computers for a learning lab in the Dominican Republic, Jeter signed off on the initiative.

"We don't need much to change the conditions, lives and support that we give the players,'' Glass says. "But everything I've needed, Derek has said, 'No problem.'''

As part of Glass' curriculum, the Marlins focus on education and real-life concerns. Players in the low minors receive instruction on everything from budgeting to cooking healthy meals to financial planning to tipping clubhouse attendants. What might be common practice in other organizations is a world beyond what has transpired previously in Miami.

"It's for all the 18- or 19-year-olds who have never been away from home,'' Glass says. "Anything our players need and don't know, we're going to teach them.''

Language instruction is at the heart of the program. During Jeter's time in New York, Mariano Rivera, Jorge Posada and Bernie Williams were among his most valued teammates and closest friends, and he never understood why clubhouse communication was a one-way street. So as the Marlins' young Latin American players take English lessons, the American-born players and coaches will be required to learn Spanish.

On Thursday, Jeter hauled a bunch of vice presidents into a room for the first of what will be regular weekly lessons in Español.

"I've been to the Dominican and Venezuela,'' Jeter says. "I went to Cuba with Major League Baseball in 2016. So I've been to those countries and tried to learn as much as I could about their cultures. Everybody expects the Latin players to make an effort to speak English. Well, especially here in Miami, if you don't speak Spanish, you don't fit in. I think it's important.''

Derek Jeter doesn't join manager Don Mattingly and the team on the field often, but when he does make an appearance, having the future Hall of Famer around leaves quite an impression on Marlins players. AP Photo/Wilfredo Lee
WHILE JETER GREW accustomed to the big stage over 2,905 games as a Yankee, he has never been especially comfortable with grand entrances or public admiration.

Before he spoke at the Captain's Camp in February, the Marlins' video department assembled a three- to four-minute compilation of his noteworthy moments -- from the celebrated flip of the ball to nab Jeremy Giambi at home plate in the 2001 AL Division Series to the dive into the third-base seats to catch a Trot Nixon foul pop in 2004. Jeter made one thing clear before his arrival: The video had to be over before he entered the room.

"It's uncomfortable to sit there and watch highlights of yourself before someone introduces you,'' Jeter says. "I'm like, 'Gary, if that's what you want to do, fine, but do it before I get there.'''

Jeter is more at ease in unstructured, one-on-one interactions with fellow ballplayers. Glass was recently tutoring a young Dominican prospect at Marlins Park when Jeter popped in unannounced. The minor leaguer looked at his right hand after the introductory bro-grip with an expression that suggested he might never wash it again.

"If you change the scenery, it was just like Derek was in pinstripes walking up to a teammate who just arrived in the big leagues and saying, 'Dime, hermano. Soy Derek,''' Glass says. "It was exactly the same.''

Some big leaguers are smitten, too. Earlier this year, Miguel Rojas was asked to move off shortstop to make room for J.T. Riddle, and Jeter took part in a group sit-down with Mattingly, Rojas and Hill. Rojas grew up in Venezuela idolizing two shortstops -- Jeter and Venezuelan countryman Omar Vizquel -- and he would like nothing more than to see the Marlins owner come out and take a few ground balls one day for old times' sake.

"That's one of my goals during the season -- to pick his brain and talk to him about how he prepared to play 162 games at shortstop,'' Rojas says. "I feel like it's a blessing that we have Derek Jeter around and we can take advantage of that.''

When Jeter spoke at a business function at the East Hotel in downtown Miami in February, the Chamber of Commerce contacted the Marlins to make sure all the details were in order. Did he need a car service to transport him to the event or a representative to accompany him? They were told no special arrangements were necessary. But Jeter still had to enter the building through a back entrance so he didn't cause a traffic jam in the lobby.

Upon arrival, Jeter made some brief opening remarks, then yielded the floor for questions. After some candid give-and-take, he signed autographs, posed for photos, looked everyone in the eye and took his sweet time to make sure that no attendees felt shortchanged.

"He doesn't want to be handled,'' Sanchez says. "He's not a gilded lily. There's a great buzz when he comes into the room. But he doesn't want to just come in for a momentary encounter and be whisked away. He tries to fit his schedule into what makes everybody else feel good. What celebrity does that?''

It's all part of the balance Jeter must strike as a new team owner and baseball icon. He's the best, most persuasive advocate for the Marlins franchise, but he wants it to be less the Derek Jeter Show and more a long-range team effort to build something that lasts.

So he arrives at the park early each day, rolls up the sleeves of those white dress shirts and gets to work. Feel free to question his judgments and his decisions, but have no doubt about his mandate: He didn't come to Miami to lose.
 
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