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Latest On Marlins’ Ownership Transition

By Jeff Todd | September 7, 2017 at 8:05am CDT

Even as would-be Marlins owners Bruce Sherman and Derek Jeter begin digging into operational details, the prospective ownership team is still working to finalize the deal reached with current owner Jeffrey Loria in early August. Things still seem to be on course, though the process is far from over.

Indeed, the league intends to take a close look at the arrangement, Charlie Gasparino and Brian Schwartz of FOX Business write, peeking into the pocketbooks of the proposed investor group members and assessing the deal’s structure (in particular, it’s mix of debt and equity). MLB is hoping to ensure that the new ownership group is equipped to engineer a turnaround for a cash-strapped organization.

That effort could take “months” to resolve, per the report. MLB does hope to wrap things up by the time the World Series ends, though. That’s an important time marker, since the offseason kicks into gear immediately thereafter.

That process is already underway. Sherman has already met with MLB owners. Jeter will have his turn to do so within the week, per Jon Heyman of Fan Rag, as he will present his ideas for running the club to the ownership committee that will assess the deal.

There are no shortage of questions facing the Marlins this winter; the club has had its moments, but still sits five games under .500 and lacks a clear path to contention in 2018. Superstar Giancarlo Stanton and other core players could — some would say should — be dangled in trade over the coming offseason.

Needless to say, Sherman and Jeter will have quite a lot to tackle in assessing the ballclub and implementing a plan. Even if the approval process goes smoothly, there likely won’t be much of a grace period before the new ownership group begins making tough decisions — including, but not limited to, player transactions.

In order to hit the ground running, the owners-to-be have begun assessing the club’s operations. As Clark Spencer of the Miami Herald writes, Sherman and Jeter met earlier this week with “various department heads” within the organization, including but not limited to baseball operations. Those sit-downs will presumably help the incoming duo sort out a strategy for revamping the organization once the deal is finalized.

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View Comments (27)

Comments

  1. johnsilver

    5 years ago

    Makes one wonder if MLB big wigs trying to push a former player-hero onto ownership status that they don’t care so much about financials as much. I hope not and scrutinize this ownership just as much, regardless of Jeter. Miami has had 2 super shady owners in Huizinga and Loria and can’t take an under funded 3rd.

    Let’s not get a Ranger’s Hicks, LAD McCourt, or NYM wilpon right off the bat if it can be avoided.

    Reply
  2. fs54

    5 years ago

    That Stanton contract is horrible. For next 11 seasons, his salary will be between $25-30 million. Hope Marlins find a way to get out of it. How can you possibly contend if 1/5th or 1/6th of your payroll is tied to one player who, let’s not forget, is an injury risk. He is about to have 3rd season with 600 or more PA out of 8 years.

    Reply
    • Dwalt

      5 years ago

      They will trade him that contract won’t look bad for a large market team compared to what Harper and Machado will get in the coming years.

      Reply
      • thegreatcerealfamine

        5 years ago

        Please name a team that will take on that contract? If and when what would a return look like?

        Reply
        • Sportfeen69

          5 years ago

          The dodgers,Yankees, Red Soxs

        • mets1987

          5 years ago

          Hey bro for the right deal honestly think the dogers would try and acquire him

        • thegreatcerealfamine

          5 years ago

          Out of those three MAYBE the Dodgers. The Yankees are set in the outfield with both youth on the roster and coming..plus Ellsburys contract. The Red Sox already have the youngest most athletic outfield in MLB. Guys having a breakout season but teams won’t ignore the salary plus injury history.

        • tharrie0820

          5 years ago

          He’s not having a breakout season, he’s ha ING a healthy season 😛

        • JDGoat

          5 years ago

          I doubt any of them are blocking Stanton though. Besides betts, he’d be the best player on both of those teams.

        • Michael Birks

          5 years ago

          Definitely Boston

        • greatdaysport

          5 years ago

          No, no and no. The Dodgers are not the liquid, the Yankees have shown they will be more conservative in their signings and the Red Sox are looking to lockup their young talent.

        • thegreatcerealfamine

          5 years ago

          I’d say since Benitendi is 4 years younger is a better allround outfielder,is faster,has enough power,and one day is believed to win a batting title…and can play CF when needed is a better bet..oh and way cheaper. JBJ is a great glove and that outfield is fluent,young,and locked in for awhile cheaply. Why would they want to disrupt that just to take on the largest contract in sports,lose a bunch of assets to acquire him,and probably take a step back in the process…oh and the injuries.

        • outinleftfield

          5 years ago

          No team is ever set at any position. Especially when you can add a player that can hit 60 home runs.
          If Judge continues to play at the same pace he has in the 2nd half, an outcome at least as probable as continuing to play at the pace he did in the 1st half, then the Yankees have a huge hole in RF.
          Imagine Stanton with the short porches in Yankee Stadium compared to the huge Marlins Park. It’s scary and that is why you can be sure that the Yankees will consider acquiring him if the price is right.
          Yankees, Dodgers, Red Sox, Phillies, Giants, and any other team in the top 10 in revenue will at least consider trading for him.

        • DannyQ3913

          5 years ago

          Phillies

        • Sports

          5 years ago

          GIANTS.

        • thegreatcerealfamine

          5 years ago

          Yea right.. With what?

        • thegreatcerealfamine

          5 years ago

          Wishful thinking on the Yanks pal. Of course teams will consider anything.

        • eilexx

          5 years ago

          “Please name a team that will take on that contract? If and when what would a return look like?”

          There are several teams that would take on the contract. The problem is that the Marlins aren’t going to be able to unload his entire contract and get a substantial return. If they eat some money…30%?…they’ll get a nice package. If they want to unload his entire deal—and there are a few teams that would take it—they’ll get maybe 1 good prospect, and a couple lower guys.

        • outinleftfield

          5 years ago

          http://www.sny.tv/yankees/news/yankees-have-called-marlins-about-giancarlo-stanton/252996272

          http://www.fanragsports.com/marlins/heyman-7-potential-landing-spots-giancarlo-stanton-trade/amp/

      • JDGoat

        5 years ago

        Inflation

        Reply
  3. sufferfortribe

    5 years ago

    They gave him that contract, let them choke on it.

    Reply
    • empiresam

      5 years ago

      Loria gave the contract knowing he’d be selling tge club before the big money kicked it. It also likely lowered the selling price based on the new owners’ ideas on an expected return/payoff amount that they’d be responsible for. If the numbers fit, I can see Boston including JBJ but after all the deals they made, they probably don’t have enough they’d be willing to include with respect to minor league talent. If they get under the luxery tax this year, the financials could be worked out.

      Reply
      • driftcat28

        5 years ago

        It’ll take wayyyy more than JBJ.

        Reply
        • empiresam

          5 years ago

          Absolutely. That was my point and they’re lacking in MLB near ready pitching prospects. Thus, i don’t see it happening. A lot though could change if the market explodes as we all expect in 2018. With another healthy monstrous year, the average cost won’t look out of wack. It’s more of the years and his injury history. He would look nice as a Bosox DH. My long term concern for Boston is Betts and Bogaerts are Boras’ clients so the odds of locking them up aren’t great.

  4. outinleftfield

    5 years ago

    The new Marlins ownership will be in a no win situation when it comes to their payroll. The team is going to lose at least $50 million this season according to reports on this site, and payroll is set to go up a lot next season even with no additions to the team, and they desperately need pitching to compete.

    If they keep Stanton, whose salary increases to $25 million in 2018, then they don’t have the money to keep young core players like Yellich, Gordon, and Ozuna (who is going to get a huge increase in arbitration). Stanton is the face of the franchise and will be coming off a monster year in which he may pass Maris and become the legitimate HR king. If they trade him it will be a PR nightmare.

    I believe that he will still be traded this offseason and that some big market team like the Yankees, Dodgers, Red Sox, Giants, Phillies, or Cubs will give up several very good prospects to get him with the Marlins eating very little if any of his contract.

    The Marlins may also have to trade Prado, Tazawa, Zeigler, and Volquez and eat a lot of their contracts just to clear payroll. This will also eat away at their already weak pitching staff.

    Trading Stanton and some of those veterans will restock a decimated farm system with some much needed fresh blood and lower payroll so that the new owners are not behind the 8 ball to start off their tenure.

    It’s going to mean some losing for a few more years, but with a new TV contract not coming until 2020 and no one showing up to games anyway, it is the only choice they really have.

    Reply
    • marlins17

      5 years ago

      I wish they’d go after it next year by adding a pitcher but they wont. So with that said they might as well go for a full fledged rebuild and trade everyone you mentioned. Volquez isnt tradeable but if Ziegler and Chen can regain any value next april/may/june then maybe trade eat some money. With big G, i say eat a bunch of money and take advantage of some big time prospects they could receive. At a 10 year 235MM deal he is worth two A prospects and a B. So eat 60mm for it. Payroll wont go above 65-70mm for 3-4 years anyways. Ozuna, Yelich, Realmuto, and even Bour could bring back ridiculous hauls. Dee Gordon could too if you eat part of that contract, which is a no brainer. Strailey, Urena could bring back some assets too. If they’re gonna go big then really go big. Build a farm like the white sox have and go for winning in 2020-2021 with a new tv deal. So much potential. Hopefully we wont see the same old crap deals the old brass made. Follow White sox approach and get a top 100 player or two for 5 of those deals (stanton, yelich, ozuna, realmuto, bour)

      Reply
  5. outinleftfield

    5 years ago

    For the guys saying the Yankees would never trade for Stanton:

    sny.tv/yankees/news/yankees-have-called-marlins-about-giancarlo-stanton/252996272?cid=Yahoo&p=ya5nbcs&yptr=yahoo

    Reply

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