Derek Jeter’s Greatness Will Be Tested as Owner of a Losing Team

Aug 16, 2017 · 25 comments
uld1 (NY)
Is it me, or Jeter looking more and more like Brian Cashman?
A fan of the peeps (Philadelphia)
when he was a player for the yankees i was a big big jeter fan. now, for reasons i'm can't quite figure out i am so over him.
Mark Davis (CT)
If anyone can pull off making the transition from player to owner, it's Derek Jeter. Throughout his career he's shown an emotional intelligence far beyond his years. He will work slowly and steadily toward his goals. If he were a stock, you'd want to "buy"!
Ed Johnson (Pittsburgh,PA)
They got rid of Loria so a bobble head would be a step up. Good luck new owners!
Nick O'Brien (New York, NY)
The head-line for this piece is quite off. Nothing will diminish his accomplishments as a player, even If he fails miserably as the Marlins' new boss.
MAlsous (<br/>)
"For all of Jeter’s attributes, he is not known for patience. He won a World Series in his first full season and deemed every subsequent year without one as a failure. He never played for a Yankees team with a losing record."
This paragraph is a complete disaster. Did Jeter cause the Yankees to win the 1996 series, all by himself? No, it was a big-spending team stocked with veterans, and he was merely one of the good players. He was never on a losing team, but far superior players have...because of the quality of the other players.
I saw a similar article in one of the local tabloids the other day, and that is where this dreck belongs.
doug (tomkins cove, ny)
Tyler I don't see why anyone would view Jeter as some kind of baseball savant in the executive suite. Wonderful ball player and gritty and determined as hell, yet way back in '03 or '04 he clearly stated he doesn't like watching baseball games unless he is playing. I can't believe he will suddenly find the desire to watch minor league talent or rehabbing major league players much less be involved in draft considerations.
Bill Maher bought a 20 million dollar piece of the Mets in 2012 , Jeter spent only 5 million more and he's the new face of the Marlins? OK I guess.
The following is not criticism but let's be real, Jeter is a rich man, he wants to be a wealthy man that's what this move is designed for and good for him. Jeffrey Lorna paid 168 million 10 years ago and now is selling for 1.3 billion this is what Jeets has his eye on. The man has lived in Tampa for almost 20 years with a palatial estate, he's going to move everything to Miami now, he'll have to if he's going to be involved as head of baseball operations. He's got a daunting task ahead of him but the real objective is selling some time in the future if he brings a World Series to Miami that's another feather in his NY cap but only desired if it helps raise the value of the Marlins, if the last 10 years are any evidence success on the field doesnt matter in franchise values.
Paul (Bellerose Terrace)
The value of the Marlins was greatly enhanced by Loria selling a bill of goods to get public financing for the stadium/gilded palace of sin adorned by the Red Grooms homer sculpture that is the love child of demented pinball machine and a slot machine.
Think about it, the contract Loria bestowed on Giancarlo Stanton represented almost 200% of the price Loria paid for the team.
WildCycle (On the Road)
Jeter for President; forget baseball, we need a leader and a hero in the oval office.
Currently we have a craven coward little girl hiding behind a man's belt.
Blue Jay (Chicago)
We read sports articles to get away from political news and opinions.
jerry (ft laud)
timing is everything. Jeter is in the right place at the right time. there are some very good position players there. spring for a couple of pitchers capt. ! see ya on south beach
T Montoya (ABQ)
The term "owner" seems to get thrown around loosely when it comes to professional sports teams. If DJ throws in $25,000,000 that equates to 2% of the purchase price. Still, that is better than all they hype that Jay Z received for being an owner of the Brooklyn Nets for what amounted to be a stake that was about equal to the value of a house in the suburbs.
mcat (San Antonio)
Debt will make up at least 2/3 of the deal, so a 25MM investment would equate to 6.25% of equity.
broz (boynton beach fl)
I am a long term baseball fan, attended my first game in Ebbets Field in 1949. I've been to 27 of the current stadiums and 14 closed parks/stadiums.

I live 50 miles north of Marlins Park in Palm Beach County. There is no public transportation nor is there an easy way to drive in a reasonable amount of time. The ballpark should have been built next to the Dolphin's Stadium with high rise parking facilities. How easy to drive into parking lot right from an exit on the Florida Turnpike.

From an investment standpoint, the ROI will need more income via TV rights and attendance to become respectable. Oh, I forgot to mention that when live gambling will be introduced so you can bet from your seat, the MLB teams will have so much money from their cut, it will be akin to having a printing press.

In addition, there will always be a billionaire that will want one of the 30 toys available.

Derek, enjoy your adventure.
Mike M (Ridgefield, Ct.)
Vision? Really? Hey, solid player, good guy, but , aren't you laying that stuff on a little thick?

Two words. Michael Jordan. How's that working out in the team ownership department?
Paul (Bellerose Terrace)
And nobody is trying to diminish Jordan's greatness as a player based on a complete inability to raise the Hornets above the level of a joke.
Jack (Middletown, Connecticut)
Paying $1.3 Billion for the Marlins, this group way overpaid. It's not 1973 and Stienbrenner paying $10 million for a majority stake of the Yankees. I'm sure Jeter can easily lose his $25 million investment and still be fine but this looks like a typical case of buying at the top. The cash flow from TV is just not there and at some point these recent buyers are just overpaying. The Marlins are not the Cubs, Red Sox or Dodgers.
Raj LI, NY (LI NY)
What a guy! For this American By Choice, Derek Jeter personifies America, and all what this nation strives to be.
Deborah S (San Diego)
Certainly a great representation of all that can be extraordinary in sports. But American by choice? He was born in New Jersey.
HJR (Wilmington Nc)
Deborah, Raj is the American by choice. Not Derek.
H.E. O'Brien (LI)
I would not be t he least bit surprised if Jeter steered the Marlins to the playoffs in short order. He's smart focused and driven. That's hoe he became "Derek Jeter".
Paul (Bellerose Terrace)
Michael Jordan, a small investor with this group, doesn't seem to have his reputation tarnished by owning the abysmal Charlotte Hornets.
morGan (NYC)
Hey Kepner,
How's your beloved BX juggernaut doing?
Two weeks ago when they made that trade, you-on cue- immediately hailed it as a stroke of genius. Then went on to -almost-guarantee a WS title this year.
The Red Sox( you hate them) came to town and gave them a shellacking. But you went silent, you never saw these 3 games.
When was last time you have a whole piece to describe any player "Greatness"?
Oh, but these are your beloved Yankees.
William Taylor (Brooklyn)
Lucky Miami. We focus so much on him being a winner but his greatest accomplishment, to me, is his personality. A class act all the way. How completely unusual.
Montreal Moe (West Park Quebec)
I remember my first baseball game , it was at Delormier Downs where Jackie Robinson and Roy Campanella integrated baseball shortly before I was born. I remember the Montreal Expos and Jarry Park. I remember Jeffrey Loria who destroyed baseball in Montreal.
Why is baseball being played in Miami in summer ? Miami should be the capital of winter league baseball with teams from Cuba, Mexico, Venezuela the Dominican Republic and other Caribbean and Latin American countries. Loria team belongs in Montreal where summer at the ballpark is a pleasure not an ordeal.
I think there might be enough of us who remember the old Havana Sugar Kings to sell out the stadium for the first Cuba Miami baseball game. Right now there are just too many things tearing us apart.
There is something very special about baseball but maybe it is time for a Southern and a Northern League playing in different seasons.
Maybe it is time for baseball in Montreal and Brooklyn in the summer, Maybe it is again time for the dollar seats in the bleachers maybe it is time remember what was really great about America.
An afternoon at the baseball park is not a wasted afternoon, the work will be there when we get back.