Jeter was appointed CEO of the Marlins after Bruce Sherman purchased the team from Jeffrey Loria in September 2017.
Jeter was a five-time World Series champion in a career that spanned from 1995 to 2014, which was largely with the Yankees. He was elected to the Hall of Fame in 2020.
In his four seasons as Miami’s manager, Miami was 218-327. The team finished with a losing record of 31-29 in the 2020 pandemic-shortened season. The Marlins were 63-98 in Jeter’s full seasons, 57-105, and 67-95 respectively.
The Yankees are baseball’s most expensive team, but Miami was 27th in payroll at $61million last year.
Jeter stated that he will not continue to serve as the CEO or shareholder of the club. This statement was released by PR Newswire and not the Marlins. “We had a vision five-years ago to transform the Marlins franchise, and as CEO, it was a proud moment to risk my reputation and name to make that happen. We transformed every aspect the franchise through hard work, trust, and accountability. We also restructured the workforce and developed a long-term strategic planning for success.
“That being said, my vision for the franchise’s future is not the same as the one I signed up to guide.”
Sherman also thanked Jeter for his many contributions, and wished him luck in his future endeavours.
Sherman stated that “we have a strong bench of talent that will oversee both baseball and business decisions while we search for a new CEO to run our franchise,” The ownership group is committed in continuing to invest in the franchise’s future — and they are determined to build a team to return to the playoffs and excite Marlins fans as well as the local community.
