SATURDAY 4:30pm: Speaking to the media Saturday afternoon, Samson confirmed that Jeter will run the Marlins’ baseball and business operations, writes Jackson. Samson’s own role going forward is unclear. “It has never been about me,” he says.
3:30pm: Mas will not be part of the group, according to Samson (via a tweet from the Miami Herald’s Barry Jackson).
7:58am: Jorge Mas’ group did not win the bidding for the Marlins, but he could still be involved in the new Jeter-led ownership group as controlling owner, Scott Soshnick tweets. Via Heyman (on Twitter), Mas could invest up to $300MM.
FRIDAY 9:39pm: There’s a signed contract on its way to the commissioner’s office, per Heyman (via Twitter).
4:40pm: Current president David Samson and president of baseball ops Michael Hill are expected to retain roles with the organization once the deal goes through, Jon Heyman of Fan Rag reports. Whether that’s intended mostly to be transitional or instead to be permanent isn’t immediately clear. Heyman also suggests it’s not yet known whether Samson’s job duties would change under the new ownership group. The executive is believed to have just more than a year left on his current deal.
3:11pm: Evidently bringing an end to a long-running process, Marlins owner Jeffrey Loria has agreed to sell the franchise for $1.2 billion to a group featuring retired shortstop Derek Jeter, reports Clark Spencer of the Miami Herald.
While it seemed months back that the Jeter-led outfit would land the club, that proved premature. Since, two other primary bidding groups have vied to take over from Loria — one led by Wayne Rothbaum, which dropped out recently, and another associated with Jorge Mas — with numerous twists and turns throughout.
Now, it seems, there’s finally a clear course — though it’s worth emphasizing that nothing has been finalized. Major League Baseball is expected to receive the written agreement Friday, per Spencer, but an approval vote might not take place for several weeks — with a formal closing not likely to occur until early October.
Jeter has long been the most visible member of his bidding group, and he’ll reportedly take primary responsibility for setting the course of both the baseball and business operations of the organization. But he’s not the primary money man and won’t be the formal control person vis-a-vis- the league.
Rather, Bruce Sherman — the former chairman of Private Capital Management — will reportedly function as the control person while also footing the bulk of the bill to acquire the franchise. He’s said to be a Marlins fan who enjoys a “great relationship” with Jeter; no doubt, the two will work closely. Something like sixteen other investors are also part of the group, according to Spencer, including NBA legend Michael Jordan.
Just what plans the Jeter/Sherman ownership outfit has in mind isn’t yet clear. But the current formula seems in need of some tweaking. The Marlins have failed to draw fans to the yard, despite a still-shiny (and heavily subsidized) ballpark. There’s a need to work out a new TV deal in the near future, with the team’s leverage perhaps dependent upon its ability to improve its seemingly tepid local support. That, in turn, may depend in large part upon an improvement in the on-field results; the club last posted a .500 record when it was still known as the Florida Marlins.
Driving improvement won’t be easy, especially with a generally low-regarded farm system, but there are some pieces to work with. Star Giancarlo Stanton has a huge contract, but has been outstanding this year, while younger players such as Marcell Ozuna, Christian Yelich, J.T. Realmuto, Dan Straily, and Justin Bour could function as building blocks or excellent trade chips. The club’s baseball ops group — the complexion of which isn’t yet clear — will need to overcome some other contracts that range from questionable (Dee Gordon, Brad Ziegler, Junichi Tazawa) to undeniably problematic (Wei-Yin Chen, Martin Prado, Edinson Volquez).
The Marlins’ payroll ballooned to over $115MM to open the 2017 season, by far an organizational high-point, and the results have been underwhelming. Unless the new ownership group is willing to pour some cash into improving around the core of young talent, the Fish may need to embark upon a rebuilding course this winter. Either way, it’ll be a fascinating offseason to watch.
Don’t let the door hit you on the way out
Nah, let it.
Break the ankles!!
If karma esists, the whole weight of the world will fall down on him. He was totally incompetent and deceptive with the Montreal Expos and I hear people in Florida see the situation there in the same light.
Bruce Sherman – Yacht
Yacht Name: Majestic
Yacht Length: 61 m (201 ft)
Guests: 14 in 7 cabins
Crew: 16 in 8 cabins
Yacht Value: US$ 70 million
Owners Name: Bruce Sherman
Looks like a Confederate flag hanging from the back of the Yacht named Majestic.
It’s registered in the British Virgin Islands. That is a British Flag. Used to belong to a Walton. If you are a billionaire owning a $69 million yacht is like someone that has an average income of $51k owning a jet ski.
Since he charters it out, you can rent it for just $420-470K/week all inclusive. burgessyachts.com/en/charter-cat-1/yachts-for-charter/motor-yachts/majestic-00006588.html
Nice couldn’t have been sold to a more classy owner by this classless owner
Hope Loria doesn’t own any parking places/structures near or at Marlins Park.
Maybe the Marlins will finally be come a competent baseball team again.
2020 World Champions
The Marlins savior
The Marlins savior is a Yankee.
New Yorkers always move to Miami when they retire!
Mr. Miami? vis-a-vis NY
maybe they’ll actually commit to a rebuild now..
Doubt it. Now they need to recoup that sale price. Can’t do that when nobody shows up thanks to a rebuild.
they’re already 28th in attendance and aren’t going to get any better as a team than they already are. Bite the bullet for a few years, get out from under Stanton/Gordon, and move forward with a half decent farm
Who’s gonna take Stantons albatross of a contract?
It’s not that bad of a contract, will look average once Harper and Machado sign.
Good one…hahahaha
Do you know who Giancarlo Stanton is?
Jays fan here…..Bautista , Pillar, House, Loup, Bolsinger….all yours for future considerations, oh wait, take Shapiro and Atkins to for free !!!!
Trading ozuna, yelich, some of their pen pieces, bour, realmuto, urena, strailey and stanton would probably bring them to a top 10 farm when all is said and done.
They definitely should be trading people to restock the farm. How deep they wanna go into the rebuild is debatable. I say trade what you can, restock the farm with low minors high upside guys 3-4 years away, use the draft and ifa like astros cubs padres have been doing in recent memory.
If they go into full trade mode, like the White Sox have, they could build a top 3 farm system by opening day next year. I also am not sure if aiming for a bunch of low level, high upside guys would be wise. If I was trading off players like Stanton, Yelich, Ozuna and Realmuto I would be aiming for a majority of players in AA or above. You could drastically speed up the rebuilding process and also decrease your risk of having the prospects flame out. If they hit on a few guys, they could be running out a competitive team in 3 years, instead of being a league worst franchise for half a decade like the Astros were.
No one can do what the Astros, Cubs, Dodgers and Padres have done in recent years in the international market because of the new rules limiting teams to a hard cap of $4.75-5.75 million on signings.
It’s Florida; nobody goes to baseball games there. Forget anout tv ratings to. The Marlins will have no choice but to rebuild since their core players aren’t enough to build around. Nor will they have the financial flexibility to increase payroll and add FAs.
Do they really have to? The Marlins offense isn’t that bad. They have some really good pieces. We’re yet to see te spending habits of Sherman and the rest of the group, but could totally see them doing a Dodgers type thing, if they wanna sign Moostakas and Darvish this offseason and trade the farm for another SP (something LA didn’t do I know) they could be a competitive team. If only Jose Fernandez was still alive, it wouldn’t even take that much
You said that they could “trade the farm” but what farm do they have? No team is going to trade a quality starter for a package centered around Kolek, Rogers, or an injured Garrett.
Do Taxpayers get their money back?
it’s hard to look at all the zeroes Miami-Dade County is on the hook for and not be physically ill.!!!!
No doubt. The taxpayers fork over hundreds of millions of dollars. All of which drive the value of the team up. The only person who benefits is the owner. In serious need of a clause being added to all publicly financed stadiums that the city/county gets a certain % of any proceeds from a sale. Pure insanity and it’s not just limited to the Marlins.
If none of the proceeds are heading toward Miami-Dade, then this is a complete shakedown on Loria and the MLB itself.
I could not agree more with what you have to say here.
The stadium deal had that provision in it, but Loria waited long enough to minimize the amount the county gets.
Then someone should sue!!!
I would throw Loria in jail,for contempt
He should not be let off the hook
You really don’t know how the legal side of things work do you? You can’t sue him for it.
Yeah Loria riding off into the sunset a rich man because of this and him smokin’ his Di Nobilis and eatin a trippa does not make me happy. The damage this man did is unacceptable!!!!
Taxpayers should be made whole!!!!!! Fans of the Marlins deserve better
Why? Miami-Dade makes money off the stadium. And that amount will go up once new owners figure out a way to boost attendance
Economists of all stripes agree that publicly funded stadiums do not boost local economies. It’s public extortion. “Pay for a stadium, or we’ll go somewhere that will.” Personally, since I watch mostly on TV, I don’t care where my team plays.
Kudos to San Diego telling the Chargers to go away.
At no time ever should tax payers money go into any pro sport……very sore spot for me!
Exactly. Taxpayers subsidizing billionaires in any venture is absurd.
They got to be billionaires because of 3 letters – OPM.
Agreed. It would be nice if some of that money comes back. It would be nice if some local municipalities added some tariffs to the ballpark. If I’m going to pay $10/beer, I’d like to know that at least $1 is going to the city.
(in addition to sales tax)
The only sad part about this is the pile of money Loria is making in the process.
That’s what good business men do…
Just means any idiot can turn a profit selling a baseball team, like Frank McCourt.
I definitely wouldn’t call someone profiting this much an idiot..greedy maybe but certainly not an idiot…
Money doesn’t exclude you from being stupid. His stupidity running the Marlins probably cost him millions given how bad the franchise has been the last 6 years.
It’s easy look what he paid for the franchise and what he’s pocketing… How is that stupid.? you have no idea about this man other then being angry over something you will never have control of.
Lol. Its also easy to look at how his decisions decimated this team the past 6 years and the effect it had on the final price of the marlins. He doesnt have a competitive team and he doesnt even have a farm system to justify having a competitive team in the future. That in of itself plus attendance due to a poor product on the field drives down the price.
1.2 billion? Had he actually produced a winner or a competitive baseball team you’re talking an extra 10s if not 100s of millions simply because of the product at its current state.
Look at what donald sterling got for the clippers- 2.1 billion and the fact the clippers were actually good at the time of their sale helped increase their worth. Theyve actually had 6 winning seasons the past 7 years winning 50+ games in 5 of those years making the playoffs.
Dont be stupid like Loria man.
Also, you cant look at what he paid for the franchise compared to what he got because 158 mill in 2002 is the same as 214 mill in 2017 according to inflation. So he loses 56 mill due to inflation and lost more due to his own incompetence plus that 1.2 bill is gonna wind up to be around 970 mill.
Why in the hell do you have to call people stupid? None of what you posted here makes the man incompetent or stupid seeing as what he’s walking away with. Do you work in the Marlins or MLB front office?
The history of the Marlins is fraught with poor attendance and lack of fan support,seems there was an original owner that went down this path. You can’t use Donald Sterling as an example becaus,not only was he forced out but the Clippers are an NBA team based in LA…with years of futility by the way.
Is he coming out ahead or not? What can posting your opinion and calling people stupid do about anything anyway?
He cost himself 10s if not 100s of millions of dollars by selling the marlins in their current state.
How is he not stupid costing himself 100s of millions?
1.2 billion. Why would anyone want 1.5, 1.6, 1.7 billion when they can have 1.2 billion.
This isnt a hard concept. Idk why you’re struggling so hard with it.
He’s stupid for being directly responsible as to why the marlins have been awful the last 6 years and his decision making cost himself 100s of millions.
Is he coming out on top? Sure. Is he getting maximum value? No lol not even close. 1.5 bill for a winning team or a team with a strong farm system on its way is a lot better than 1.2 bill for a losing team and no farm system.
I say 1.5 bill cause thats the average worth of an MLB franchise. So he sold it for 300 mill less than the average. Stupid.
When rich and wealthy people buy assets, like an MLB team, they look at how much money they will be spending and how much money they expect to bring back in. They don’t care if a team wins or loses, unless it changes the bottom line. The Marlins have averaged about 21k/game the last 4 seasons. Compare that to their last two winning seasons in 08 and 09 and they only averaged 16.5k and 18k/game. Back in 03-05 when they won a WS and followed it up with back to back 83 win seasons they averaged just over 20k/game. We have no idea how much money the Marlins would have sold for if they were winning consistently.
Not true at all. Look at the Tigers and the Royals. Two teams that have consistently lost money.
The Marlins never had attendance close to that on average. They sold and gave away that many tickets and that number includes counting full attendance for all 1124 seats that are in luxury boxes and party suites even when most of the 36 suites and 8 party venues were empty. You can buy a Section 14 or 15 Row 10 seat right behind home plate now for tomorrows game. You can’t do that even in Tampa or San Diego. They average about 8-10 thousand in the stands according to Clark Spencer. I’ll take his word over Loria’s every day and twice on Sunday.
The rest of this post is for all the people before your post.
The estimated value of the Marlins based on potential TV contract and population in Miami is $1.6 billion. There were many articles about that when Loria was first rumored to be considering selling.
The team is in such dire financial situation that the league required that the buyer have $200 million liquid above and beyond the purchase price and that $370 million of the purchase price go to buying down the teams debt, not into Lori’s pocket.
If Loria had built a solid organization and not just lined his own pockets with the team, he would be getting at a minimum $370 million more dollars and possibly another $400 million on top of that.
To me, short-sightedness like that exhibited by Loria is being stupid and in this case, it cost him hundreds of millions of dollars.
What we do know is the marlins opened a brand new stadium in 2012 and went out and signed a bunch of players promoting winning.
In the inaugural season of 2012 the marlins had the 13th best pct attendance in the league at 73.1
2013-present it dropped to 52.3, 57.1, 57.8 according to espn.
You literally have had roughly 15-20% drop off in home attendance in 2013 2014 2015 and once 2016 and 2017 comes out bet its 60 or below as well.
Those factors do affect the price loria eventually got. Had he been able to keep the attendance pct at or around 70 he easily could have netted more money.
I’d be skeptical of Jeter having final say over the baseball and business sides of the new organization.
Why?
Eh, I think he should take one side first and get his feet wet, but I’m sure he’ll be fine.
Agreed. It’s difficult to believe that any business or businessman would put someone as inexperienced as Jeter in a position which required particular knowledge and experience.
Jeter has a fine reputation personally and is undoubtedly heading to the HoF in a couple of years for what he accomplished as a player. But he has never evaluated or drafted talent before, never balanced a >100$M budget before, never staffed an organization before. Presumably he will be used the same way GW Bush was as “owner” of the Rangers. A public face for the organization but little real control.
Ever heard of Jeters charity foundation or the players tribune..that’s running and managing large organizations. Do some research before spouting stuff!!
Not Cereal, but Apples and Oranges…..
“Ever hear of Jeter’s charity foundation or the players tribune . . . That’s running and managing large organizations.”
Um, no it is not. Showing up for celebrity golf tournaments and putting your name on the masthead of a barely read online magazine is not the same thing as making budget and personal decisions for a MLB organization valued at over $1B. Not only not the same experience, not even similar. Your suggestion that they are is noted and will be reprised if/when an appropriate occasion presents itself.
That’s the way to do this, btw. Wait patiently for me to make an obvious, glaring error, similar in kind to your comment about Betances poor starts as a Yankee, then pounce. When you take shots at all my comments folks will quickly figger out that that’s what you do and tune you out. I really don’t mind the heat. I’d suggest you confer with the last guy who dug in agin’ me were that still possible. Teh google is your friend.
“Do some research before spouting stuff!!”
I could do some quick homework and find out who actually does the work and makes the decisions at his charity and online mag. But why should I when you did zero research of your own.
I’m taken back by Betances..his starts what are you talking about? So you think Jeter doesn’t oversee his charity foundation..he may have someone run the day to day doesn’t mean he’s not totally involved. Barely read online magazine..ok do your research into where it started and it’s current importance. Jeter has a charity golf event by the way and of course plays in it. Dig into his foundation and who he aligns himself with why don’t you. I do take a little offense whenever people try to short Jete on anything.
So having someone run the daily doings of your charitable foundation — of which there are thousands, mostly of modest to fair-sized budgets– is the same as being in charge of a billion-dollar-plus MLB franchise, all of which have huge budgets and payrolls, and of which there are only 30 on this planet?
And running an online magazine…that qualifies someone as CEO or COO of a huge MLB franchise?
Again, you are comparing apples with oranges.
Caught Looking and majorflaw are correct: Jeter will be a figurehead at best. His $25 million investment buys him a seat and the table and smiles of recognition and a bit of boardroom cred. Not the lead role in something this big.
And if you choose to take offense because I am “shortchanging Jete” with these statements, that burr’s in your own saddle (as you even admit). Hero-worship only goes so far; everyone has feet of clay.
p.s. Jeter’s $25 million share of the sale price is about a whopping 2 percent of the total. 2 percent ! Think that gives him controlling power?
Lesterdnightfly has it exactly.
Look at the folks actually running MLB franchises these days. Lots of MBAs, JDs and a ton of major league experience before they were promoted into their current position. Not everyone, but that’s the general direction.
It’s not a slight against Jeter to say that he is in no way as qualified to run a baseball organization as Sandy Alderson, Theo Epstein, Mike Rizzo, etc. Does thegreatcerealfamine think Jeter even knows the waiver and roster rules? Come on. He was a fine player but that doesn’t qualify him to run IBM, MSFT, PG or any baseball team. That isn’t denigrating Jeter, it’s just reality.
Why is it being reported he’ll be over baseball operations similar to Magics role to running basketball operations with the Lakers? It’s not hero worship but I do like the feet of clay reference..kudos. I just constantly see Jeter short changed on this site for various reasons. Yes I was a huge Jeter fan as a player but also respect what he “seems” to stand for. Finally at the end of the day you know as much as I do and making the statement he’ll just be a figure head is simply conjecture on your part.
I have never disparaged Jeter on this site or anywhere else.
But two percent says volumes. Two percent…..
Wow look what came out at 4:30 pm…I still don’t know what you meant with the Betances stuff…
Yep and it’s good enough to be over baseball operations,but what do the people reporting it know….huh
Nobody is gonna put five hundred million$ of his own money into something and let a complete novice run the show. That’s just clueless.
Well it’s happening…so you thinking it being clueless means nothing. Sure has been interesting but I guess you can’t or won’t answer wtf the Betances thing was you mentioned. I pretty much “figger out” and don’t need to “confir with the last guy who Dug in agin you”..tuned way out..
No, it is not happening. Assuming the sale goes through you will quickly see that others are running the show.
Re: the Betances thing. Might have confused you with another nasty troll. Need a scorecard sometimes. The rest and remainder of what you wrote is incoherent again.
Yea I’ve seen you slugging it out and losing badly on here before. The incoherent you speak of is throwing your own gibberish back at you. You were probably schooled about Betances by a Yankee fan on an article you trolled in the past. I’m sure the purchasing group will contact you on your opinions and suggestions…ration your data cause mom might cut you off!
“You were probably schooled about Betances . . .”
No, in a discussion about valuing relief pitchers last week, someone referred to Betances bad starts for the Yanks. Betances has made exactly one start in the majors. Someone trying to fact check me got checked himself.
” . . . ration your data cause mom might cut you off!”
She can no longer do that as she died a week ago. Nice timing, sphincter. Of course you couldn’t have known that but it’s something to keep in mind before you shoot your mouth off next time.
Jeter earned about $133 million take home in his career including endorsements and is worth about $185 million today. He built a business outside of what he did as a baseball player and did a dang good job of it. The retired players that are worth more today than they earned as a player can be counted on your fingers and toes.
I am an O’s fan, but Jeter is one Yankee that I have to admire both for his talent as a player and for what he has done off the field since retiring.
Jeter will have a 10% stake when all is said and done. Takes a pretty good businessman to negotiate a deal that gives him a 10% stake for 2% of the investment.
Word is Jordan has a small investment.
can MLB prevent the snake, Loria, from purchasing another team?
Probably not really. I’d imagine since the owners vote on team sales that they could block him but I don’t know if the league has that power. Teams are privately owned. Anybody else know more?
The league has suspended owners before, but I don’t know about blocking a potential owner from acquiring a team.
They blocked Moorad from buying the Padres. That is the only one I know of.
congrats to marlins fans… hopefully this boosts interest in the marlins a little bit. And loria being out of baseball is a great thing
Hopefully Jeter and Co go back to the teal and silver colors instead of the travesty that is the marlins color palette now…
Yes! I agree 100%. Bring back the original logo too.
+. I chose the Marlins as my NL team in large part because of the teal. In my defense, I was 11.
Finally! A long time in coming. Good bye Loria, you will not be missed!!
Magic Johnson put down the similar investment (50 M) when the Guggenheim group purchased the Dodgers. While Jeter will not have much control over the team, it will be good for the fanbase and baseball in general.
Want to fix the attendance problem? Take the home games off cable. Create the impression that if you want to see the fish, YOU HAVE TO BE THERE.
That worked REALLY well for the Blackhawks
That would never work, especially in a state like Florida that seems indifferent to the fact that 2 major league teams play there
Absolutely agree!
works for the Blue Jay’s. You need to purchase the right channel to watch on TV and they also lead the AL in attendance with a crappy team on the field
No Jeb 🙁
Congrats Marlin fans. Now wave goodbye. You can visit the team in Las Vegas on your vacation in a few years.
I wonder if the $1.2 billion is inclusive of all of the debt on the team (which means the real price paid is well below $1 billion), or if the $1.2 is after netting out the debt. The difference is pretty significant.
It’s inclusive of the debt. It’s around $970 million when the debt is factored in.
Will MJ suit up and play in games to fulfil his dream finally?
Jose Fernandez is an angel watching over the marlins.
WTF…
Do they have cocaine in heaven?
Yea the fairies and leprechauns are snorting lines with them.
Finally.
So do the Marlins have to clear waivers to be sold at this time?
Haha
Here’s hoping new ownership removes that awful statue/fountain from center field. Good to see Loria out of baseball, but he scored big – Bud Selig should get a cut.
What a challenge for the new owners, but Sherman and Jeter are winners and will work hard to turn this team around. It won’t be easy!
Baffled about Samson and Hill’s future with the team. Samson I’m amazed even has one, and Hill… I mean, is this just the next meddling owner that keeps us from getting a gauge on how good this FO really is?
I doubt they last long
The Selig-Henry-Werner-Loria cabal is officially half gone
Manfred better not block this deal, I don’t think I could take it.
He won’t. I think everyone wants to forget about Loria.
Wow
Please get rid of the hideous color scheme and go back to the old Florida Marlins look and get rid of that bizarre thing in the outfield of whatever they call that ballpark.
The light at the end of a long tunnel for Marlins fans. The future suddenly looks genuinely bright. I have no idea what type of owner Jeter will be, and I don’t care because nobody could be worse than Loria.
Very awesome for the Miami Fans, Jeter is very classy will be a complete change for the fans
I hope the first thing Jeter does is remove all commemorative displays of the 2003 WS victory over the Yankees.
(kidding, plz no downvote)
LOL. I had to. sorry.
Actually when the Marlins won, so many Yankees were in denial that it happened. David Wells and Ruben Sierra both said it was a fluke and gave so many negative excuses it was insane. Then Jeter and Torre both flat out admitted they were outplayed (which they were). Jeter was extremely classy about it and it made me love the guy as he admitted how good the pitching was and how relentless the offense was.
I know you were joking and all but i think its worth mentioning how well he handled it.
If Samson and Hill stay, so does the culture of Loria. They have to go as soon as this is final. I doubt the owners approve it before the season is over and then Samson and Hill have to be fired immediately. The fans of Miami have to be shown that it’s not going to be more of the same old manure.
*breaking news* MLB announces new expansion team in Montreal, gifts it to Loria
More likely:
LORIA ADDS TO ART COLLECTION
Jeffrey Loria has commissioned a 5-million-dollar portrait of Bud Selig. “This masterpiece will be a tribute to my best friend and partner-in-crime,” said Loria.
A group portrait of the Miami-Dade County Commissioners is expected to be next.
Seems like a lot of premature ballyhoo over Jeter’s role, considering no one has addressed this glaring issue:
(From the earlier Marlins-purchase article)
“Jeter would only put $25MM toward a purchase, which could prove to be an obstacle for someone who wants to be the control person of an ownership group, notes Heyman. The retired shortstop’s faction has also received something “tantamount to a loan at a high (14 percent) rate of interest” from Michael Dell, the CEO of Dell Technologies, and Heyman doesn’t believe MLB would sign off on it.”
Please don’t read Heyman. The morning MLB announced the sale, Heyman said it wouldn’t happen because MLB had said no to an investment by MRD Investments which was founded by Michael Dell and that was AFTER reports had been out on two reputable news sources that MLB had already given their blessing. It was NEVER a loan at 14%, it’s in the form of preferred shares of stock. Preferred stock has a fixed annual dividend, but that is not anything akin to a loan at 14%. Heyman is not a reliable source of information.
So I see many people claiming they will move the team but there is a provision in the contract between the county and the team that they can not move for 30 years. I know things like this usually dont stop things from happening, but if it did i believe the team has to pay an extremely large amount to the county (so it could be worth it)
And for everyone saying that no one cares about baseball in Miami and this wont change anything….it will change everything. The Marlins do well in TV ratings. People care about baseball here they just dont go to the games (which is very important obviously and more people need to go for them to be successful in the future no one denies this). With Loria gone, attendance will grow immediately. Once the sale is FINAL and OFFICIAL the next home game will be a party and one of the most attended game of the year. I was born in 1984 so when the team was born in 1993 I became obsessed with them. I have loved them and stuck by them through all of the nonsense and this is the most exciting news involving the team ever. This is like winning another world series.
The Marlins didn’t sell out opening day 2017. I bet that they do opening day 2018. Maybe opening week 2018.
The light at the end of a long tunnel for Marlins fans. The future suddenly looks genuinely bright. I have no idea what type of owner Jeter will be, and I don’t care because nobody could be worse than Loria.
http://www.fbmoney4.com
Attendance has absolutely nothing to do with a team’s bottom line. The first thing the New owners have to do is get a new TV deal that is where the money is.
Teams don’t want the blue collar fan going to the games anymore they want them watching at home. That’s where they make the advertising money on the commercial sales. The blue collar fan is the fan that follows every move of the team so the owners know they will watch every game and their TV ratings will be high.
The owners want the stadium experience to be an event. They want the fan that is gonna go to the game and pay absolutely no attention to what’s going on in the field. That’s why stadiums have pools, restaurants, kid play areas etc. They want the fans at the games that get bored easy and will venture off to spend more money in other areas of the parks and could care less if they even pay attention to what’s going on in the field.
Truer words have never been spoken.
They can’t get a new TV deal until 2020 after the current one is up. Attendance is not the biggest revenue source for most teams, but for a team that has 2 more seasons earning the lowest amount in baseball while being in the 7th largest TV market, for the Marlins attendance is their biggest source right now. Also, they won’t get as good of a TV contract with attendance low. That indicates low interest and advertisers won’t spend money for TV for a team that has little interest in the local community.
I’m not sure where you saw the TV market size, but Miami-Ft Lauderdale is the 16th largest market according to Nielsen and slots in right between Minneapolis and Denver. For future reference, the 7th largest market is DC.
With henchavaria being traded and Jeter coming on board this opens the door for Jeter to return at SS for Miami. With Prado a free agent they may bring in Jeter buddy arod to play 3b causing a huge influx in ticket sales. Brilliant move Miami!
There is nothing better in the world than competitive baseball. I hope this move means Miami slowly graduates to being a serious contender where players aren’t signed to be traded half season later. As a Nationals fan, I wish Jeter and co my best to put a great team on the field for Miami baseball fans and those of us who like to see great competition between two teams.
Derek Jerker buys Marlins, God help the Marlins
our friend’s aunt makes 67 every hour on the laptop.. she’s been out of a job for eight months but last month her check was 12917 only working on the internet a few hours every day. see this link
goo.gl/rjMonp
our neighbor’s step sister makes 64 every hour on the laptop.. she has been unemployed for five months,goo.gl/rjMonp