Derek Jeter’s $1.2 Billion Mistake 😮
Derek Jeter, the Yankees legend who built his legacy on winning, made a $1.2 billion move that nearly destroyed that legacy. In 2017, Jeter joined a group of investors to buy the Marlins for $1.2 billion. He put in just $25 million of his own money, but he was the face of the franchise, CEO, decision maker, and the guy meant to turn it all around. Jeter came in with a championship blueprint from his time with the Yankees. He did the dirty work, trading superstars like John Carlos Stanton and Christian Yelich. Fans were furious. Attendance plummeted. The Marlins kept losing, but his vision was clear, building a young, talented team from the bottom up, poised to win for years. And by 2022, the plan was working. The painful rebuild was over. The team had a solid pitching core and was just one or two big signings away from being a real threat in the National League. This was the moment Jeter had been building towards. But right when it was time to take the next step, Jeter suddenly resigned as CEO. His stake reportedly sold for less than he paid, costing him millions of his own money. This is where the mistake became clear. Jeter wanted to spend big on free agents to put the team over the top, but the majority owner, Bruce Sherman, refused to open the checkbook. Jeter only owned 4% of the team. He was the CEO and the face of the franchise, but he didn’t control the money. In his farewell statement, Jeter said, “The vision for the future was different than the one I signed up to lead.” In the end, Derek Jeter didn’t quit on the Marlins. He quit on an owner who wasn’t as committed to winning as he
How Derek Jeter Lost Millions on a $1.2 Billion Gamble ⚾
#mlb #baseball #shorts #derekjeter
27 comments
He was horrible. The team was always bad
Jeter owns only 4% of 1.2 bill.
Where did that Jeter's 1.2 bill mistake came from? Whole shorts does not make sense.
Derek was dealing with a millinum charile finley 😂😂😂😂😂😂😂😂🤷🏻
Should’ve invested in the Dodgers and could’ve been a whole lot better if he’d just asked other successful people like Magic
John carlo stanton? No its Giancarlo Stanton
What the hell is that image at 0:46? No way this is real right
Sounds like Magic with his time spent in the front office with the Lakers if we’re being honest 🥶🥶
Cheap owner… will blame dodgers for paying the players what they want
He was never the face of the marlins, franchise. People thought it was cool he was getting involved with the team. But everyone knew he wouldn't last long there
Bruce Sherman was a complete idiot for not listening to him
There gonna have to do something about these cheap owners cuz dodgers and Yankees gonna buy up the whole league
Mr. November!
Jeter did right & were being nice & it cost him $$$$ along with nice guys finish last. It don't ever pay to be nice. Plus the majority owner of the marlins didn't want to spend to get production players –so jeter took his loss & brokeout.
He was a double agent
He simply traded away the best players and then disappeared
Yelich was a young kid though!
Idk Marlins had a solid core when Jeter came in. Stanton, Ozuna and Yelich were all very good for many years after their trades. They were maybe 2 or 3 signings especially pitchers from being a really good team.
Is that Cameron Boyce in as the kid is that kid Cameron Boyce? RIP if it is
Well, he wasn't built for the Job.
I feel bad for the Marlin fans. Then again, nothing can be more painful than being an Oakland A's fan, their owner has been gutting that franchise for years. What's even more sickening is that the A's have probably one of the best farm systems in all of baseball. A farm system that he used to make a quick buck by selling top and upcoming players to upper tier MLB teams instead of putting the team's money into his own organization. From future players to conditions of their stadium, right down to a few buckets of paint for concession stands that looked worse than a street vendor's sign in a TJ ghetto, he pinched every penny he could and milked the A's for all their worth. Now that there is one scandalous owner if there ever was one.
And this why MLB needs a salary floor. Not a salary cap.
Jeter wanted to spend somebody else money but not his money, if he is so into the team why didnt he put in more money than just 25m.
$1.2 billion deal and you put in $25 mil??? That just shows how much he believed in that deal.
That’s why no other team should be complaining about Dodgers spending money
And this is why you don't invest in any Miami sports team. Especially the Marlins. These owners dont care about the team.
Everything changed when Jose Fernandez died.
And somehow the Dodgers are ruining baseball