In stunning and surprising news, on Feb. 28, Derek Jeter announced that he is stepping down as CEO of the Miami Marlins and is selling his stake in 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,” Jeter said in a statement.
“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.”
Jeter had been with the franchise for five years and was set to begin the final year of his contract.
“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,” he said.
With Jeter in control, the Marlins went 218-327 during his four seasons and only finished with a winning record once during the shortened season due to the pandemic. In the full seasons under Jeter, the Marlins went 63-98, 57-105 and 67-95.
