Jeffrey Loria Agrees To Sell Marlins To Derek Jeter’s Group
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.
Reds Designate Arismendy Alcantara For Assignment
The Reds have announced that they’ve designated infielder/outfielder Arismendy Alcantara for assignment. The move clears space for righty Scott Feldman, who returns from the disabled list to start tonight against Milwaukee.
Alcantara was once a top prospect who showed good basestealing ability and burgeoning power in the minors, but his stock has fallen in recent years as he’s passed through the Cubs and Athletics organizations. The Reds claimed him from Oakland last October, and he’s batted a very poor .171/.187/.248 (including a 35.2 K% and 1.9 BB%) in 108 plate appearances while playing six positions in the big leagues this season. He’s also out of options, further complicating any hopes the Reds might have had of continuing to carry him on their roster. In parts of four big-league seasons, Alcantara has batted just .189/.235/.315 in 459 plate appearances.
Rangers Claim Phil Gosselin From Pirates
The Rangers have claimed utilityman Phil Gosselin from the Pirates and optioned him to Triple-A Round Rock. They’ve also outrighted infielder Tyler Smith to Round Rock.
The Pirates acquired Gosselin in a minor trade this spring after the Diamondbacks designated him for assignment. Gosselin has split his time between Pittsburgh and Triple-A Indianapolis this season, batting just .150/.190/.175 in limited duty in the big leagues and .266/.304/.336 at Triple-A. He can be optioned, but he doesn’t really play shortstop, giving him somewhat limited utility as a bench piece, and the Pirates likely thought he was expendable with the addition of Sean Rodriguez last week. The 28-year-old Gosselin has shown a bit of offensive ability in parts of five seasons in the big leagues, batting .272/.320/.368.
The Rangers claimed the 26-year-old Smith from the Mariners late last month. He’s hit .237/.326/.342 at the Triple-A level this season and has mostly played shortstop. He collected three hits in brief big-league duty with Seattle earlier this year.
NL Notes: Loria, Cardinals, Feldman
What kind of Marlins owner Derek Jeter will make is far less important than the fact that Jeffrey Loria is leaving, Dave Hyde of the Sun Sentinel writes. Loria frequently upstaged the Marlins’ on-field play with off-field drama, including ballpark financing issues, a revolving door to the manager’s office, and constant changes of direction. Meanwhile, the team Jeter and company will take over is no prize — the team isn’t currently contending, there’s already lots of money tied up in player salaries for next season, and the franchise’s minor-league system is poor. Here’s more from the National League.
- The Cardinals are comfortable with their outfield and will not be pursuing Jay Bruce-type trades in the August market, GM Mike Girsch tells MLB Network Radio (on Twitter). (Bruce himself, of course, is no longer available after being traded to Cleveland, but Girsch is saying the Cardinals do not intend to pursue that sort of player.) Girsch says the Cardinals remain open to making trades, as one might expect. But, he adds, “Realistically, making meaningful upgrades in August is a challenge.”
- The Reds have announced that righty Scott Feldman will start tonight against Milwaukee as he returns from about four weeks on the DL with knee inflammation. That’s significant because Feldman could be a trade candidate this month — he’s a free agent after the season and might very well have been traded last month had he not been hurt. It’s also possible Feldman could be claimed should the Reds place him on revocable waivers, since he’s only making $2.3MM this season and has produced a 4.34 ERA, 7.5 K/9 and 3.0 BB/9 over 103 2/3 innings.
Yankees Place Masahiro Tanaka On 10-Day DL With Shoulder Inflammation
12:02pm: There is nothing structurally wrong with Tanaka’s shoulder, Bryan Hoch of MLB.com tweets. Tanaka simply told the team that his arm was tired, and the Yankees are giving him a short break.
11:33am: The Yankees have announced that they’ve placed righty Masahiro Tanaka on the 10-day DL with shoulder inflammation. To take his place on the active roster, they’ve recalled righty reliever Giovanny Gallegos from Triple-A Scranton/Wilkes-Barre.
Tanaka has posted a 4.92 ERA and allowed 28 home runs over 133 2/3 innings this season, although his strikeout and walk numbers (9.5 K/9, 2.2 BB/9) have been fine. He left Wednesday’s start against the Blue Jays after allowing five walks in four innings, however.
While a trip to the DL with a shoulder injury doesn’t always mean that injury is significant, it’s certainly worth watching. Tanaka missed time due to arm issues in 2014 and 2015, although those were to his wrist, forearm and elbow, not his shoulder. The seriousness of his current injury is unclear.
In the short term, the Yankees will have to fill a rotation that’s also currently missing CC Sabathia, who’s out with a knee inflammation, and Michael Pineda, who has a UCL injury. The Yankees recently promoted Jordan Montgomery to take Sabathia’s place.
Unsigned Draft Pick Jack Conlon To Go To Texas A&M
AUGUST 12: Rather than signing with the Giants, Conlon will head to Texas A&M, D1Baseball.com’s Kendall Rogers tweets. The Orioles originally drafted Conlon but failed to sign him over an issue with his physical. After he was granted free agency, he struck a deal with the Giants. That deal, however, has fallen through after his physical with the Giants turned up a different medical issue, as Rosenthal tweets.
JULY 17: The Giants have a deal in place with prospect Jack Conlon, pending a physical, per Ken Rosenthal of MLB Network (via Twitter). Conlon, a high-school righty who had been chosen by the Orioles in the fourth round of the recent Rule 4 draft, was granted free agency after failing to sign.
Baltimore determined that Conlon’s physical did not pass muster. When the team declined to offer him at least 40% of the slot value of the pick with which he was chosen — in this case, $409K — he qualified for the open market.
As Baseball America’s Hudson Belinsky recently explained, the Ballengee Group client was expected to command $1MM or more for a bonus. Conlon had committed to Texas A&M, and attending college remained at least a theoretical option prior to his agreement with the Giants.
Red Sox Place Dustin Pedroia On 10-Day DL
The Red Sox have announced they’ve placed second baseman Dustin Pedroia on the 10-day DL with left knee inflammation. To take his place on the active roster, they’ve recalled lefty Robby Scott from Triple-A Pawtucket.
This is the second time in the past two weeks the Red Sox have placed Pedroia on the DL with knee inflammation. He returned from the DL last week but played just one day before the injury sidelined him again. The 33-year-old has batted .303/.378/.406 in 388 plate appearances this season. The newly acquired Eduardo Nunez generally played second base during Pedroia’s last DL stint, with Rafael Devers at third, and that appears likely to be the Red Sox’ approach again this time.
Blue Jays Place Russell Martin On DL, Designate Chris Coghlan & Chris Smith
The Blue Jays have announced that they’ve placed catcher Russell Martin on the 10-day disabled list with a left oblique strain. They’ve also designated outfielder Chris Coghlan and righty Chris Smith for assignment and selected the contracts of righty Chris Rowley and catcher Mike Ohlman.
Martin left yesterday’s game due to the oblique strain. For the season, the veteran is batting .223/.354/.381 with 12 homers and 49 walks in 329 plate appearances. Rafael Lopez figures to take over at catcher in his absence, with Ohlman, who was batting .222/.343/.418 at Triple-A Buffalo, also helping out. Martin joins two other catchers, Miguel Montero and Luke Maile, on the DL.
The 32-year-old Coghlan signed a minor-league deal with the Blue Jays in April after the Phillies released him. He batted .200/.299/.267 in brief duty with the Blue Jays before hitting the DL with a wrist injury. He was in the midst of a rehab assignment with Class A+ Dunedin.
The 28-year-old Smith has posted a 4.26 ERA, 7.1 K/9 and 1.1 BB/9 in 25 1/3 innings of relief for Buffalo this season. He made his big-league debut earlier this season, pitching five innings and allowing three runs.
The Jays signed the 26-year-old Rowley as a minor-league free agent out of West Point in 2013. After missing two years to a military assignment, he’s moved through the minors quickly, and now he’s in the midst of a strong season, posting a 2.29 ERA, 7.6 K/9 and 2.0 BB/9 over 106 1/3 innings split between Buffalo and Double-A New Hampshire. He’s set to start today against the Pirates and will become the first West Point graduate to pitch in the Majors, as Sportsnet’s Ben Nicholson-Smith notes.
AL Notes: Park, Sabathia, Royals
After an underwhelming start to his US career in 2016, Twins first baseman ByungHo Park has yet to appear in the Majors this season, Mike Berardino of the Pioneer Press notes. Park arrived in the US with fanfare but batted just .191 in his rookie season, and the 31-year-old is now hitting just .260/.318/.417 with just nine home runs over 368 plate appearances with Triple-A Rochester. Park’s friend and South Korean countryman Shin-Soo Choo says Park “really wants to do something here” in the United States. Choo’s comment came in what appears to have been a response to a question from Berardino about whether Park and the Twins might reach a deal on a buyout for the remainder of Park’s contract. Park is set to make $3MM in both 2018 and 2019, plus a $500K buyout or a $6.5MM option for 2020. Berardino quotes a scout, however, who notes that Park might not be able to make that kind of money were he to leave the US to return to the KBO. Here’s more from the American League.
- Prior to yesterday’s game, the Yankees placed lefty CC Sabathia on the DL with knee inflammation. To take his place on the active roster, they recalled righty Jordan Montgomery from Triple-A Scranton/Wilkes-Barre. Sabathia left his last start due to issues with his knee, so his DL placement doesn’t come as a surprise, but his situation has to be frustrating for the Yankees — Sabathia is in the midst of a solid season, with a 4.05 ERA, 7.0 K/9 and 3.3 BB/9 thus far. Montgomery is scheduled to start tomorrow against Boston.
- The Royals swing at more of the pitches they see — 50.9% — than any team, and are on pace to swing at more pitches than any team since at least 2002, Rustin Dodd of the Kansas City Star writes. The approach hasn’t been particularly successful overall — the Royals are currently tied for 12th in the AL in runs scored. Of course, Kansas City’s freest swingers include Salvador Perez (58.5% swing percentage) and Mike Moustakas (56.9%), who are both in the midst of good seasons. “You don’t think we address that all the time?” says Royals manager Ned Yost. “Of course, we do. We talk about being more selective and getting better pitches. But again, these guys are who they are.”
5 Key Stories: 8/5/17 – 8/11/17
Here are the key stories from this week at MLBTR.
Jeffrey Loria to sell Marlins to Derek Jeter‘s group. It’s been a long time coming, but Jeffrey Loria has agreed to sell the Marlins to Derek Jeter’s ownership group for $1.2B. It appears another bidder, local billionaire Jorge Mas, could be involved in Jeter’s group as well. Current Marlins front-office execs David Samson and Michael Hill will remain with the team.
Indians acquire Jay Bruce. The Indians bolstered their outfield by acquiring Jay Bruce from the Mets in exchange for minor-league pitcher Ryder Ryan. Bruce had ranked second on MLBTR’s list of the Top 25 August Trade Candidates. In the wake of the deal, the Mets promoted top first base prospect Dominic Smith to the Majors.
Mariners acquire Yonder Alonso. The Mariners struck a significant deal with a division rival, adding first baseman Yonder Alonso from the Athletics in exchange for outfielder Boog Powell. The Mariners had been pursuing Alonso since before the July 31 non-waiver deadline. This week, the M’s also struck a variety of smaller deals to add depth to an injury-ravaged collection of pitchers, acquiring Ryan Garton from the Rays, Ernesto Frieri from the Rangers and Andrew Albers from the Braves.
Pirates acquire Sean Rodriguez. The Bucs made a deal to re-acquire utilityman Sean Rodriguez (and, significantly, the remainder of his contract) from the Braves in exchange for minor-league corner player Connor Joe. Rodriguez, who hit well with the Pirates in 2016, will give the team an alternative to Jung Ho Kang, who has not yet played this season as he deals with visa issues. The Pirates also added George Kontos on a significant waiver claim this week, as the Giants placed the veteran reliever on revocable waivers and then let him head to Pittsburgh for free. The Braves were also active in other moves this week, not only sending Albers to the Mariners but also acquiring first baseman Kevin Franklin from the Reds as the player to be named in the Brandon Phillips deal.
Injury news on Willson Contreras, Felix Hernandez, Troy Tulowitzki and Phil Hughes. This week saw a number of significant injury developments. Cubs catcher Willson Contreras injured his hamstring and is out four to six weeks, so the Cubs will lean on new acquisition Alex Avila as their starting catcher for the time being. Mariners starter Felix Hernandez was diagnosed with shoulder bursitis that should keep him out three to four weeks. The Blue Jays moved shortstop Troy Tulowitzki (ankle) to the 60-day DL, effectively ending his season. And Phil Hughes underwent thoracic outlet syndrome revision surgery.
Photo courtesy of USA Today Sports Images.