DeadBeat Jeets. A nickname thats gaining some popularity with in the Miami Marlins fan base. I recently wrote a blog post on why Derek Jeter would have a rough start at the beginning of his tenure as an owner of the Marlins, that can be found here here. However, what I did not foresee at the time of writing my blog post was Jeter’s inept management skills. In his early career of being an owning partner of a professional team, he has already had some mismanagement events that already has already made a lot of the fans raise an eyebrow. Here are Jeter’s highlights as an owner so far.
Plan to trade away their most valuable asset because you can’t afford them
Until recently, Gincarlo Stanton has not had a conversation with the new ownership group. That in itself wouldn’t be that, but considering Stanton is your best player and the reigning National League MVP, a text message would be better than nothing (even if it is to tell him that you’re going in a different direction with the team). Under the older regime of the Marlins, Stanton signed a $325 million (the largest in MLB history) in 2014 and is set to make $25 million next year. The contract’s length has 10 years left on it with the highest amount being paid $32 million through 2023-2025.
This contract is too rich for Jeter and company’s blood. In an effort to save money on payroll (something I mentioned in my previous post), the new ownership group will be trading away Stanton. Their plan is to make another team pay for the majority of his contract AND to get prospects in return, but they aren’t going to be able to have their cake and eat it too. I also would like to point out that Gincarlo has a non trade clause in his contract, which means they aren’t able to trade him unless he approves the trade first. As a result, in the event that Stanton does not approve any trades to send him away, the Marlins will be stuck paying a player that they already have a bad relationship with while going through with an ultimatum that they will trade all his friends on his team instead. Yes, this is true, they have giving him an ultimatum that if he doesn’t waive his no trade clause, they will trade away everyone on the current team. This then strips away all their good players/his friends, while making his life a living hell by being a prisoner of MLB purgatory.
Great way to treat the employee of the year.
Jeter’s investment group is hood rich and asking for more money proves it
For the readers who are not familiar with the popular Big Tymer’s song, Hoodrich is being able to purchase luxurious things, without actually being able to afford them.
Jon Heyman from Ragsports.com is reporting that the Miami Marlins ownership group is seeking an additional $250 million from local investors. Their reasoning is that they want to offer local business owners the chance to own a piece of the baseball team in order to keep that locally owned feel. Awesome! Giving a chance for local business owners to invest in a national brand like the Marlins, good job Jeter. But thats just the spin that their media group came up with, in actuality the new ownership group of the Marlins is so strapped for cash, that not only are they trading away their main star Giancarlo Stanton but they are looking for even more cash from local investors to relief some of the financial burden they have.
In simpler terms, Derek Jeter and company not only had to use debt to finance the rest of the deal to buy the team, but still don’t have enough money actually operate the franchise. Apparently the 15 other investors that make up their investment group don’t have enough funds to inject the team with capital.
Poor leadership and bad decision making
Once the new ownership group took control of the Miami Marlins, one of the first actions taken was to fire Jeff Conine, Andre Dawson, Jack McKeon, and Tony Perez. This itself is not something I count against Jeter because every new owner of a sports team would want their own guys running the franchise after they clean house. The issue arises when instead of acting like an owner or leader of the team, he handed off the duty of being the Job Reaper to David Sampson, who was also terminated himself. Yes, just like the villain in the horror flick buried on your Netflix My List, Jeter told Sampson to plunge the knife into his loved ones hearts, before taking the same knife and stabbing Sampson.
After the the cold-hearted villain realized what he did, overcome by an episode of shame and disgrace from the villagers (the fans) he tries to nurse the four back to health with the plans of them becoming his underpaid, bumbling henchman. True story, after the four Marlin legends were let go, out of public outcry from the fans, he called each one of them to offer them a new job at half of what they were making (is Stanton still waiting on his call?). Hearing this, on Jeff Conine’s metamorphic death bed, suffocated himself with his pillow (declined Jeter’s offer).
Even though another ownership group led my billionaire Jorge Mas was more suited to run the team, Jeffrey Loria decided to sell it to the group led by Derek Jeter because of his fandom to the Yankees. This will be the lasting middle finger from Jeffrey Loria to Miami Marlin fans. As you can see, the Derek Jeter’s regime as the Miami Marlins owner is off to a bad start and the nickname Deadbeat Jeets has been earned so far. Their ultimate plan is to raise more money and get rid of all their assets in order to save a buck and make the team more valuable. Because Jeter propelled himself from player to owner without any stops in between, hes learning as he goes. If they manage to be somewhat competitive in the next few years, it will be in spite of Jeter, not because of him, just like Loria’s success as the former owner.