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#pounditTuesday, May 28, 2024

Derek Jeter parting ways with Marlins

Derek Jeter

Derek Jeter took on a major challenge more than four years ago when he purchased a stake in the Miami Marlins, but he has seemingly given up on trying to turn things around for the franchise.

Jeter issued a statement on Monday announcing he is ending his relationship with the Marlins. He will step down as CEO and sell his shares in the team. Jeter said he is proud that he helped transform “every aspect of the franchise.” However, the Hall of Famer says “the vision for the future of the franchise is different than the one I signed up to lead.”

Here’s the full statement:

The Marlins also released a statement thanking Jeter.

The news came as a shock. Most people assumed Jeter would be in it for the long haul in Miami, but there were obviously disagreements over the direction of the franchise.

Jeter began overseeing day-to-day operations in Miami at the end of the 2017 season. The team has gone 218-327 in four seasons since. The Marlins won a Wild Card game in the COVID-shortened 2020 season and lost to the Atlanta Braves in the NLDS. They then took a big step back and went 67-95 last season.

Photo: Oct 3, 2017; Miami, FL, USA; Miami Marlins chief executive officer Derek Jeter addresses the media at Marlins Park. Mandatory Credit: Jasen Vinlove-USA TODAY Sports

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