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Derek Jeter out as Marlins CEO

Cites differing vision for future

JUPITER, Fla. — Miami Marlins chairman and principal owner Bruce Sherman said in a statement Monday that the organization and CEO Derek Jeter have “agreed to officially end their relationship” after four MLB seasons.

Jeter was entering the final year of a five-year contract that would have expired after the 2022 season.

In a statement, Jeter said he is also giving up his four-percent stake as a shareholder in the franchise and that the reason for his departure was because “the future of the franchise is different than the one I signed up to lead.”

“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,” Jeter said. “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.

“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.”

How exactly the vision changed wasn’t made clear.

One thing that has been abundantly clear, though: The success Jeter strove for was rarely seen on the MLB level during his front-office tenure. Remember, Jeter was a Hall of Fame shortstop during his 20-year career, all with the New York Yankees. He was a 14-time All-Star, five-time World Series champion, five-time Gold Glove award winner.

The Marlins, meanwhile, went 218-327 since 2018, the club’s first season after the Jeter/Sherman ownership group bought the team from previous owner Jeffrey Loria in September 2017. They made the playoffs once after going 31-29 in the pandemic-shortened 2020 season and advancing to the National League Division Series when the playoffs featured 16 teams instead of the usual twelve.

The Marlins’ record the other three seasons: 63-98 in 2018, 57-105 in 2019 and 67-95 in 2021.

The Marlins have spent this time building the organization’s depth from the bottom-up to build a team that Jeter hoped would have sustainable long-term success.

They traded away big-name players (Giancarlo Stanton, Christian Yelich, Marcell Ozuna, J.T. Realmuto and Dee Strange-Gordon) over the first two years in order to add prospects to a talent-barren farm system.

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