If you thought Derek Jeter planned to pay big bucks to turn the Marlins into a contender much like the Yankees did during his championship-winning playing days, you thought wrong.
Very, very wrong.
Jeter and billionaire Bruce Sherman plan to slash the Marlins' payroll to as low as $55 million next season, according to the Miami Herald.
An ownership group led by Jeter and Sherman agreed to buy the Marlins for $1.2 billion in early August.
The Herlad reports a potential investor was briefed on Jeter's and Sherman's plans to curb the Marlins' payroll during a meeting with the ownership group earlier this summer. The investor told The Herald that Jeter and Sherman plan to cut the Marlins' payroll to as low as $55 million if they're able to trade home run slugger Giancarlo Stanton, or $80-$85 million if they keep Stanton and his $25 million salary for next season.
Stanton signed a record 13-year, $325 million contract extension with the Marlins in 2014.
This news will most likely be troubling for Marlins fans as the team — even with Stanton's exorbitant salary — isn't exactly breaking the bank as it is. The Marlins' current payroll for this season is $117 million, which ranks just 21st in MLB, according to Spotrac.
Very, very wrong.
Jeter and billionaire Bruce Sherman plan to slash the Marlins' payroll to as low as $55 million next season, according to the Miami Herald.
An ownership group led by Jeter and Sherman agreed to buy the Marlins for $1.2 billion in early August.
The Herlad reports a potential investor was briefed on Jeter's and Sherman's plans to curb the Marlins' payroll during a meeting with the ownership group earlier this summer. The investor told The Herald that Jeter and Sherman plan to cut the Marlins' payroll to as low as $55 million if they're able to trade home run slugger Giancarlo Stanton, or $80-$85 million if they keep Stanton and his $25 million salary for next season.
Stanton signed a record 13-year, $325 million contract extension with the Marlins in 2014.
This news will most likely be troubling for Marlins fans as the team — even with Stanton's exorbitant salary — isn't exactly breaking the bank as it is. The Marlins' current payroll for this season is $117 million, which ranks just 21st in MLB, according to Spotrac.