- Ken Rosenthal of FOX Sports and Jeff Passan of Yahoo Sports both penned columns this week on Derek Jeter being the correct person to revitalize — or, as Passan suggests, invigorate for the first time — the baseball community in southern Florida if their purchase of the Marlins goes through. Rosenthal writes that while the Jeter/Jeb Bush-led group may require the typically lengthy approval process, it seems unlikely that the league will stand in the way. Passan cites two sources in reporting that there are “plenty” of “money men” backing Jeter and Bush in their efforts to purchase the club. Both writers suggest that the allure of Jeter himself, a more dedicated plan to capitalizing on Miami’s proximity to Latin America, and the potential for increased payroll funding could bring in a new era of Marlins baseball. As Passan points out, whoever is brought in to oversee baseball operations will have multiple avenues to pursue; either try to build around the young core of Christian Yelich, Giancarlo Stanton, Dee Gordon, J.T. Realmuto and Marcell Ozuna or field interest in those controllable talents to bring in a flood of youth that can comprise the next competitive Marlins roster.
Marlins Rumors
Marlins “Moving Forward” With Jeter/Bush Group
The Marlins are “moving forward” in negotiations with the would-be ownership group headlined by Derek Jeter and Jeb Bush, according to Barry Jackson of the Miami Herald (links to Twitter). The organization is said to be “optimistic” that a deal will be reached to transfer control from current owner Jeffrey Loria to Bush, who’d be the new control person, and the four other members of the group. It’s said to be an “agreement in principle” that sets a $1.3B purchase price.
This report follows some conflicting signals sent throughout the day. Earlier, a report suggested that the Jeter/Bush group was the only possible bidder left due to a lack of interest. But even that group was said not to have submitted a firm offer, with financing still in the works. Marlins president David Samson flatly rejected this report, saying it was strewn with errors but declining to specify or correct them.
Later, Scott Soshnick of Bloomberg reported that the Jeter/Bush group had “won the auction” for the organization — which presents quite a different picture of the entire process. In addition to framing it as an “auction” for the first time, this report says that there were multiple other bidding groups, including one headed by businessman Wayne Rothbaum and another led by Tagg Romney (which included Hall-of-Fame hurler Tom Glavine). When asked to respond, Samson stated that he would not offer any comment, as Tim Healey of the Sun-Sentinel tweets.
Notably, none of the reports suggest that any paperwork has been signed. It’s important to bear in mind, too, that even in the event that a preliminary agreement is struck, it would still be subject to a lengthy finalization process — between the parties and also involving authorization from Major League Baseball.
Latest On Marlins’ Sale Efforts
12:32pm: Marlins president David Samson calls the Forbes story “inaccurate,” as Clark Spencer of the Miami Herald writes, though he did not provide details on bidding parties.
11:56am: Casting doubts on recent reports of keen interest from multiple bidding groups, Mike Ozanian of Forbes writes that the Marlins are currently drawing attention from just one potential suitor. And even that group — a team of investors led by Derek Jeter and Jeb Bush — has only yet made a “non-binding indication of interest” and is still hunting for cash to support a bid.
According to Ozanian, other potential bidders have not continued their initial pursuit of a deal with current Marlins owner Jeffrey Loria. Former hurler Tom Glavine was said to have joined forces with Tagg Romney (Mitt’s son), but that pairing has apparently fizzled already. That’s particularly problematic, per the report, since the group held out the promise of bringing a significant amount of cash to the table.
We have heard talk at times of at least one more possible challenger to take the reins in Miami. But Ozanian says that interest has also seemingly dried up beyond the two recognizable bidding groups noted above. There’s doubt, it seems, as to where an alternative to the Jeter/Bush team might come from.
If there’s truly just one passable pursuer of the organization, that surely doesn’t bode well for Loria’s sale price. As the report notes, there already seems to have been a precipitous fall in the numbers being discussed publicly. Just ten weeks ago, the club was said to be headed for a $1.6B sale.
Marlins Likely To Use Jeff Locke As Multi-Inning Reliever
- The Marlins will probably use Jeff Locke out of the bullpen when the southpaw returns from injury, manager Don Mattingly told reporters (including Andre C. Fernandez of the Miami Herald). Locke gives the Fish another lefty out of the pen, and “We still want — we’ve always talked about having a number of guys who can do multiple innings,” Mattingly said. Locke has been sidelined with biceps tendinitis since early in Spring Training and is getting close to beginning a rehab assignment, Mattingly said, though no more specific timeline was provided beyond the skipper saying that Locke is expected back sometime in May. Locke has primarily been a starter during his six-year MLB career, though the Pirates shifted him to the pen last year in the midst of a rough 2016 season for the left-hander. Pittsburgh non-tendered Locke in December, and he signed a one-year, $3.025MM deal with Miami.
Tom Glavine Part Of Group Working To Purchase Marlins
Hall of Fame pitcher Tom Glavine may be part of the Marlins’ next ownership team. The former Brave and Met is a member of a faction that has put in a bid to purchase the franchise from owner Jeffrey Loria, reports Scott Soshnick of Bloomberg. Solamere Capital co-founder Tagg Romney, son of 2012 Republican presidential nominee Mitt Romney, is at the helm of the group. Notably, Mitt Romney is not involved in this venture.
The exact price of the Romney group’s bid isn’t known, though Soshnick relays that offers for the Marlins currently range between $1.2 billion and $1.3 billion – an enormous increase over the $158MM Loria paid in 2002. Fifteen years later, Loria “wants to get out of it,” Glavine told Nick Cafardo of the Boston Globe. Glavine added that he feels “very good” about the Romney offer, though the 51-year-old declined to disclose whether he’s committed to putting forth any money (Glavine made just under $130MM as a player, per Baseball Reference). Glavine’s also unsure of how long a potential sale might take to go through, but he did reveal that his main purpose has been to woo investors to the Romney side.
The 305-game winner went into further detail in his discussion with Cafardo, saying: “It’s been a lengthy process. I was contacted a couple of years ago by some people to ask whether I’d have an interest in doing something along these lines, and I certainly did. This Marlins situation came about last summer. After casual conversations and kicking tires it became apparent we could put people together and raise money.”
If the Romney-led team does succeed in buying the Marlins, it’s unclear which role Glavine would take with the franchise, but he would “certainly want” some sort of position.
“I’m not going to say I’m the GM, but I know the game pretty well,” said Glavine. “I understand it. There’s a lot on the business side that I don’t understand, so I’m open-minded about what the best role for me would be and what I like to do the most.”
Glavine informed Cafardo that he believes at least three groups have made efforts to secure the Marlins. Quogue Capital founder Wayne P. Rothbaum is at the helm of one, per reports from both Soshnick and Douglas P. Hanks of the Miami Herald. However, Soshnick’s information differs from Hanks’ with respect to a couple of other prospective buyers, ex-Yankees shortstop Derek Jeter and former Florida Governor Jeb Bush. Those two have teamed up to buy the Marlins, according to Hanks, but Soshnick notes that’s not yet the case. Instead, as of now, Jeter and Bush have only discussed working together, per Soshnick.
Marlins Outright Tyler Moore
The Marlins have outrighted first baseman/outfielder Tyler Moore to Triple-A after he cleared waivers, as MLB.com’s Joe Frisaro was among those to tweet. He was recently designated for assignment.
While the return of Martin Prado changed the roster calculus for the Fish, there’s still a need for a righty bench bat to pair with Justin Bour at first. (Bour is hitting just .167/.270/.315 and has a poor track record against left-handed pitching.) That could mean Moore will return to the majors at some point this year.
The 30-year-old slugger saw only 11 plate appearances before he was designated for assignment and failed to make it to the majors last year, so there’s not much of a recent track record to go on. From 2012 through 2015, he slashed .228/.281/.401 and hit 24 home runs in 660 plate appearances with the Nationals, so there’s plenty of pop in the bat. But Moore hasn’t reached base enough and offers little in the way of defensive value, limiting his usefulness.
Wei-Yin Chen Pitching Through Slight UCL Tear
- Marlins manager Don Mattingly created some degree of controversy when he elected to pull Wei-Yin Chen after the lefty had thrown seven no-hit innings yesterday, but Tim Healey of the South Florida Sun Sentinel reminds that Chen is pitching through a slight tear in his ulnar collateral ligament that was discovered last summer. The tear, however, isn’t something that has hindered Chen, the left-hander himself told the Miami media. “With the tear in the ligament, it doesn’t really heal,” Chen said through a translator. “It’s still there. It won’t heal. So I don’t really think about if it’ll get worse or not. I just think about with this, what treatment I should be getting.” Chen opted for a platelet-rich plasma injection and plenty of rest for his injury last summer, as the tear is not significant, Healey notes. Several pitchers have gone this route, with varying degrees of success. Healey lists Masahiro Tanaka as one prominent example and notes that Adam Wainwright pitched more than five years with a modest tear of his elbow ligament before undergoing Tommy John. (I’ll add that Ervin Santana also pitched through a partial UCL tear and never required surgery.) Mattingly flatly said that given Chen’s 2016 injury, he simply won’t consider letting Chen throw 130 pitches in a start.
Derek Jeter, Jeb Bush Reportedly Team Up In Effort To Purchase Marlins
Future Hall of Famer Derek Jeter and former Florida governor Jeb Bush have both been previously reported as potential buyers for the Marlins, but the two have now teamed up in their pursuit of the franchise, reports Douglas Hanks of the Miami Herald. The primary competitor for the Bush-Jeter group appears to by New York financier Wayne Rothbaum, according to Hanks, though other groups could yet be involved in the pursuit.
Marlins president David Samson has been candid about the possibility of a sale this year, and owner Jeffrey Loria has acknowledged that there have been inquiries from potential buyers. Loria reportedly had a “handshake agreement” in place to sell the team for $1.6 billion to a group led by Joshua Kushner — the brother of Jared Kushner, who serves as a senior advisor to his father-in-law, president Donald Trump. However, Kushner reportedly did not have enough liquid assets to make the purchase at that price, and eventual rumors that Loria could be named the United States ambassador to France further complicated that potential sale. Kushner eventually issued a statement indicating that he would no longer pursue the deal.
It’s not known at this time exactly what price the Loria is eyeing in a potential sale, though some reports since the first word of the handshake agreement with Kushner have suggested that the team could sell for quite a bit less than that $1.6 billion figure. It stands to reason, though, that the Bush-Jeter group would need additional members in order to pool the requisite funds to make a purchase feasible. Jeter is one of the wealthiest stars in MLB history but still saw his career earnings end up around $265MM (though that figure does not include the undoubtedly sizable sum he has earned from endorsement deals over the past two-plus decades, to say nothing of other investments and ventures).
Charlie Gasparino and Brian Schwartz of FOX Business reported earlier this month that Jeter was working with former Morgan Stanley brokering chief Gregory Fleming (who is now with a small brokerage firm in New York, per AdvisorHub.com’s Mason Bradwell) in his effort to purchase the club. Bush, meanwhile, was said by the FOX Business duo to have enlisted Citigroup to help finance a potential bid. It’s possible that all of those parties have merged to form one cohesive effort at purchasing the Marlins organization, though concrete details on the matter have yet to emerge.
Marlins Sign Daniel Schlereth To Minors Deal
- The Marlins signed lefty Daniel Schlereth to a minors deal. Schlereth, taken by the Diamondbacks with the 26th overall pick of the 2008 draft, posted a 4.35 ERA over 93 relief IP with Arizona and Detroit from 2009-12 and hasn’t been back to the majors since, pitching for six different organizations in the last four seasons.
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Marlins Designate Tyler Moore For Assignment
The Marlins announced that they’ve reinstated third baseman Martin Prado from the 10-day disabled list and designated first baseman/outfielder Tyler Moore for assignment in order to clear a spot on the active roster.
The 30-year-old Moore, long a member of the division-rival Nationals, was in his first season with the Fish after signing a minors deal in the offseason and breaking camp with the club. The right-handed-hitting Moore logged 11 plate appearances with Miami, collecting four hits along the way. In parts of five big league seasons, Moore is a .230/.282/.402 hitter. Unlike many right-handed bats that have long occupied a part-time role, however, Moore has actually fared slightly better against righties in his career.
Prado, 33, opened the season on the DL due to a hamstring strain that he sustained while playing for his native Venezuela in the World Baseball Classic. He just concluded a four-game rehab stint in the minors and will suit up for the 2017 season on the heels of a .304/.359/.417 batting line in 2016. The 2017 campaign marks the first season of a three-year, $40MM extension that Prado inked last September in lieu of testing the open market; he’d been slated to hit free agency before signing that deal but now will continue on as a leader in the Miami clubhouse through the 2019 season.
