Derek Jeter Steps Down As Miami Marlins CEO

The Yankees Hall of Famer has been with the franchise for nearly five years.

Baseball Hall of Famer Derek Jeter announced on Monday (Feb. 28), he is stepping down from his position as CEO of the Miami Marlins after nearly five years with the MLB franchise.

“Today I am announcing that the Miami Marlins and I are officially ending our relationship and I will no longer serve as CEO nor as a shareholder in the club,” the legendary New York Yankees shortstop said in a press release, according to Sports Illustrated. “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. 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,” Jeter said.

In a separate release, the Marlins thanked Jeter for all his work with the team.

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“The Miami Marlins and Derek Jeter announced today that they have agreed to officially end their relationship. The Marlins thank Derek for his many contributions and wish him luck in his future endeavors,” Marlins owner Bruce Sherman said. “We have a deep bench of talent that will oversee both business and baseball decisions while we work to identify a new CEO to lead our franchise.

“The ownership group is committed to keep investing in the future of the franchise—and we are determined to build a team that will return to the postseason and excite Marlins fans and the local community,” Sherman added.

According to the New York Post, Jeter went into the MLB lockout believing there would be an additional $10 to $15 million that the team would be able to spend on their 2022 roster. However, that “evaporated” during the lockout, which caused Jeter to leave the Marlins.

During his tenure as the Marlins’ CEO, the team went 218-327. Their best year with Jeter at the helm came in the COVID-shortened 2020 season, where Miami finished in second-place in the NL East and made the playoffs for the first time since 2003.

It isn’t immediately clear what Jeter plans to do next professionally.

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