Derek Jeter’s foray into sports team ownership appears to be a completed experiment

It’s been a busy year for Hall of Famer Yankees shortstop Derek Jeter, to say the least.

In March, Jeter resigned as chief executive officer with the Miami Marlins, giving up his stake five years after he was part of a group that bought the franchise from Jeffrey Loria for $1.2 billion. The team made the playoffs only once during Jeter’s tenure in the front office.

Jeter, 48, joined social media platforms Twitter and Instagram last spring – making a 180-degree turn from years of strict privacy protections – and used that media to create “The Captain,” a seven-part Documentary about his life and his baseball career, too hyped. He was honored at Yankee Stadium in September for his Cooperstown induction, and Jeter even appeared on Fox’s pregame television show alongside former Yankee teammate Alex Rodriguez during the World Series between the Astros and the Phillies.

“For real?” Jeter said sarcastically last week when reminded of his busy 2022.

But what’s next for Jeter, at least in a baseball capacity, has yet to be determined, though it sounds like owning a sports team was a once-in-a-lifetime experience that’s been ticked off the bucket list.

“Do you have some money for me? I think that answers your question,” Jeter said during Joe Torres’ Safe at Home Gala at Manhattan’s Gotham Hall last week when asked if he would ever consider buying a sports franchise again.

“I’m open to a lot. But I really don’t know right now,” said Jeter, a father of three young girls, referring to his next baseball project. “I took a step back here for a few months. But now we’re through the (baseball) season. We will see. i love the game i love sports I want it to continue to grow and return to where it was when I first started playing the game (1995) in terms of popularity with children.”

For years while he was still playing, Jeter expressed a desire to own a baseball team after retirement. In the midst of his swan song season while playing for the Yankees in 2014, Jeter even doubled down on his future ambitions at one of his Turn 2 Foundation events.

“Yup, that’s the next target, mate. Be in charge, don’t answer anyone,” Jeter said at the time, according to New York news Story. But in the same report, Jeter also joked in a similar vein when asked if he’d ever consider buying the Yankees if the Steinbrenner family launched the iconic franchise.

New York Daily NewsDerek Jeter is serious about becoming an owner in life after the Yankees

“Have you got some money for me?” Jeter said during the 2014 Turn 2 event.

However, as his dream of ownership became a reality, Jeter soon found that building a major league championship club from the front office suite was much more difficult to accomplish than as a player on the baseball diamond. The five-time Yankees World Series champion has only tasted the postseason once as a Marlins manager – in the pandemic-shortened 2020 season – and his club has been swept away by the Braves in the divisional series.

When Jeter parted ways with the franchise earlier this year, his statement was terse but hinted at a possible riff with principal owner Bruce Sherman.

“However, the vision for the future of the franchise differs from that which I have signed up to lead,” Jeter said in a statement. “Now is the right time for me to step down as a new season begins.”

It turns out that Jeter may have stepped back from ownership duties for good, too.


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