Derek Jeter will hope his success on the baseball diamond was just foreshadowing for what is to come as a part-owner, and member of an MLB front office.
Jeter, along with a group of investors including New York businessman Bruce Sherman, came up with the asking price soon-to-be former Marlins owner Jeffrey Loria wanted at $1.2 billion.
According to the Miami Herald, Bruce Sherman and future first ballot hall-of-fame Yankee Derek Jeter, and Major League Baseball are expected to receive the written agreement as soon as Friday.
Jeter compiled a group of 16 friends and associates to create a group with enough capital to meet the hefty $1.2 billion price-tag.
Among those included is none other than close friend of Jeter’s, six-time NBA champion Michael Jordan.
Jeter will reportedly only contribute $25 million of his own cash. Bruce Sherman, Jeter’s partner, will reportedly allow the former shortstop to essentially run the organization from a ‘business’ and ‘baseball’ side of things.
The Miami Herald also reports that the deal will be discussed, but not yet voted on during next week’s MLB owners meetings in Chicago. The deal needs to be voted on in order to become official. The vote could take a few more weeks.
Regardless, it appears the man who led the Yankee’s while earning the nick-name “The Captain”, is back in baseball. Only this time, he isn’t carrying a franchise with his bat or by throwing guy’s out at first base at Yankee’s stadium. Miami’s newest ‘captain’ will be carrying a franchise from the front-offices at Marlins Park starting next season.
