Miami Marlins, Derek Jeter, MLB, Purchasing The Team, Miami
WINTER STORM AFTERMATH: SNOWFALL TOTALS | TRAFFICRADAR | FLIGHT TRACKERSCHOOL CLOSINGS

By Steven Wine

MIAMI (AP) — A person familiar with the negotiations says the Miami Marlins have told Major League Baseball they intend to sign an agreement to sell the team to a group that includes former New York Yankees star Derek Jeter.

gettyimages 490350750 Marlins Plan To Sell To Group That Includes Jeter

According to a source, Jeter would be in charge of baseball operations. (Photo by Doug Pensinger/Getty Images)

Jeter would a limited partner in the group led by venture capitalist Bruce Sherman.

The person confirmed the Marlins’ plans to The Associated Press on condition of anonymity Friday because the team had not commented publicly. The person said MLB has been told the sale price will be about $1.2 billion to the group, which includes more than 10 entities.

Sherman would be the controlling owner, the person said. Sherman has spent much of his financial career in New York and has also lived in Naples, Florida.

The person said Jeter will be in charge of baseball operations.

Jeter has ties to the state of Michigan, growing up in Kalamazoo. He attended Kalamazoo Central High School and had an offer to play baseball at Michigan before deciding to turn pro instead.

© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Places To See Indie Rock In DetroitIt's called Detroit Rock City for a reason.
Guide: Best Barbecue In Metro DetroitSometimes, nothing hits the spot like good barbecue.
Best Ice Cream Shops In Metro DetroitIt's getting warm outside! Take advantage of it.

Watch & Listen LIVE