In a move that seemed to stun the baseball world, Derek Jeter announced his immediate departure from being the CEO of the Miami Marlins in a press release. "I will no longer serve as CEO nor as a shareholder in the club,” Jeter said in a statement. “We had a vision five years ago to turn the Marlins franchise around, and as CEO, I have been proud to put my name and reputation on the line to make our plan a reality. Through hard work, trust and accountability, we transformed every aspect of the franchise, reshaping the workforce, and developing a long-term strategic plan for success.

“That said, the vision for the future of the franchise is different than the one I signed up to lead.”

What was interesting is that Jeter's statement was released through PR Newswire rather than the Marlins. Jeter became CEO of the Marlins in September 2017 when Bruce Sherman bought the team from Jeffrey Loria.

Miami went 218-327 during his four seasons at the helm, finishing with a winning record only once at 31-29 in the pandemic-shortened 2020 season. In the full seasons under Jeter, the Marlins went 63-98, 57-105 and 67-95.

Miami Marlins Confirm CEO Derek Jeter’s Departure

In a separate press release Bruce Sherman, Chairman and Principal Owner of the Miami Marlins, issued the following statement: “The Miami Marlins and Derek Jeter announced today that they have agreed to officially end their relationship. The Marlins thank Derek for his many contributions and wish him luck in his future endeavors.”

“We have a deep bench of talent that will oversee both business and baseball decisions while we work to identify a new CEO to lead our franchise. The ownership group is committed to keep investing in the future of the franchise -- and we are determined to build a team that will return to the postseason and excite Marlins fans and the local community.”