Derek Jeter, Bruce Sherman To Purchase Marlins For $1.2B

Marlins President David Samson yesterday said that the team has a "signed agreement" to be sold to Derek Jeter and former Private Capital Management co-Founder Bruce Sherman for $1.2B, and the deal is "projected to close in the first few days of October." Samson added that he has been "assured by the Sherman/Jeter group that they will not be adding" MasTec co-Founder & Chair Jorge Mas to their group. Samson said that Jeter will "run the Marlins’ baseball and business operations departments and that Sherman will be the 'control person.'" The sale "will be discussed" during the owners' meeting next week in Chicago, but a vote is "not expected for a few weeks" (MIAMI HERALD, 8/13). Jeter will be the "first African-American to run business and baseball ops" of an MLB team (TWITTER.com, 8/11).