Derek Jeter: Yankees owner

Leave a comment

jeter.jpgKevin Kernan thinks that Derek Jeter’s future is in ownership:

The Yankees need to find a way to make Derek Jeter a Yankee for Life.
There’s really only one way. At some point the Steinbrenner family
would have to take him into the ownership group . . . Jeter is set on being an owner when his playing days are done.
Without specifically talking about the Yankees, Jeter told The Post
yesterday that being an owner is “definitely a goal of mine.”

First thought: why do the the Yankees need to find a way to make Jeter a Yankee for life? He’s important, sure, but I think the Yankees are more important to him than he is to them. The team has done just fine without making Babe Ruth, Joe DiMaggio, Yogi Berra, Mickey Mantle, or Reggie Jackson an owners, so I tend to think they’ll survive just fine if they were to hold the line at “special assistant to the general manager” or “spring training instructor” when it comes to Derek Jeter’s future role with the team.

But let’s say all parties are interested in Derek Jeter being an owner. How would that work?

There was a time not too long ago when the Yankees’ ownership club wasn’t the most exclusive in the world. George Steinbrenner was only one of many notables in the original ownership group that purchased the Yankees from CBS in 1973. Included were guys like financier Lester Crown (who still holds a stake), Football legend Lamar Hunt’s brother Nelson, and John DeLorean of all people.  There were a lot of smaller investors from here in Columbus, Ohio, one of whom was a nice old lady who used to be a client of mine. She had Yankee stuff all over her house and used to joke with people that she was going to fire Joe Torre whenever the Yankees beat the Indians as, business aside, they were her true rooting interest.

In recent years the Steinbrenners have either bought out the minority owners or had their shares revert to their control upon death or what have you.  But that doesn’t mean that they can’t let someone like Derek Jeter into the club.  It would just take a (likely token) capital investment and some paperwork.

But it wouldn’t be meaningful ownership. According to Forbes, the Yankees are worth $1.5 billion, and at that price it would cost Jeter way more than he can afford* in order to get a significant stake for himself. And of course, the majority shareholders — the Steinbrenners — are hands-on owners to say the least, so there’s no way they would ever give a minority shareholder real ownership responsibility the way the Giants do, for example.

So if Jeter simply wants to say that he owns a chunk of the Yankees I’m sure that can be arranged. If he really wants to act like an owner some day, however, he’d do better to put together a group of investors himself and buy the Royals or something.

*Kernan mentions Michael Jordan’s recent ascension to owner of the Charlotte Bobcats as an example that Jeter could follow. Worth noting, of course, that the Bobcats are worth less than 1/5 of what the Yankees are worth, and that Michael Jordan has probably made a billion dollars since he left UNC.  Jeter, in contrast, makes something less than $30 million a year in salary and endorsements. Not too shabby, but not the kind of dough you’d need to be able to so much as make decisions regarding office supplies for Yankees headquarters.

Dodgers trade A.J. Ellis to the Phillies for Carlos Ruiz

Atlanta Braves v Los Angeles Dodgers
2 Comments

MLB.com’s Todd Zolecki reports that the Dodgers have acquired catcher Carlos Ruiz and cash from the Phillies in exchange for catcher A.J. Ellis, minor league pitcher Tommy Bergjans, and a player to be named later. It was reported on Wednesday that Ruiz and first baseman Ryan Howard both cleared waivers and that Ruiz was drawing interest from a couple of teams.

Ruiz, 37, has served as the backup catcher behind Cameron Rupp. Over 193 plate appearances, he hit .261/.368/.352. He continued to play solid defense and has always had a reputation for handling his pitchers very well. In fact, in a commercial for the video game MLB 2k11, former Phillie Roy Halladay essentially professed his love for Ruiz:

Ellis, 35, is a free agent after the season while Ruiz has a club option for the 2017 season worth $4.5 million. It seems likely that the Dodgers pick up that option and make Ruiz Grandal’s backup next year. Ellis hit a lousy .194/.285/.252 in 161 plate appearances, but the Phillies aren’t particularly concerned with his production since they’re still facilitating their rebuilding process.

Bergjans, 23, has spent the season with High-A Rancho Cucamonga. He’s posted a 4.98 ERA with a 133/29 K/BB ratio in 130 innings spanning 21 starts and three relief appearances. He went to school in Haverford, PA so the Phillies are bringing in a local guy.

Jose Bautista returns from the disabled list

TORONTO, CANADA - MAY 29: Jose Bautista #19 of the Toronto Blue Jayshits a two-run home run in the fifth inning during MLB game action against the Boston Red Sox on May 29, 2016 at Rogers Centre in Toronto, Ontario, Canada. (Photo by Tom Szczerbowski/Getty Images)
Tom Szczerbowski/Getty Images
2 Comments

Blue Jays outfielder Jose Bautista has been activated from the 15-day disabled list ahead of Thursday night’s game against the Angels, the club announced. Utilityman Ryan Goins has been optioned to Triple-A Buffalo to create room on the roster.

Bautista missed the minimum 15 days due to a sprained left knee. He’s battled injuries throughout the season, limiting him to just 355 plate appearances over 80 games. He’ll resume play with a .222/.349/.444 triple-slash line, 15 home runs, and 48 RBI.

Bautista is in Thursday night’s starting lineup, batting first and serving as the DH.