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MLB owners unanimously approve sale of Marlins to Sherman-Jeter group

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Major League Baseball just announced that its owners have unanimously approved the sale of the Miami Marlins by Jeff Loria to the group led by Bruce Sherman and Derek Jeter. Closing on the sale is targeted for early October. The approval is contingent on the deal closing, financially speaking. The sale price is $1.2 billion.

Rob Manfred made the following statement:

“I wish the best to Jeffrey Loria and David Samson. During their tenures, the Marlins won the 2003 World Series, hosted this season’s successful All-Star Week at spectacular Marlins Park and eagerly supported our efforts to grow the game internationally. I congratulate Mr. Sherman on receiving approval from the Major League Clubs as the new control person of the Marlins and look forward to Mr. Jeter’s ownership and CEO role following his extraordinary career as a player.”

Seems he’s leaving some stuff out about Loria’s tenure, but I suppose you say nice things at a eulogy.

As we’ve noted, Derek Jeter has already begun firing people in the Marlins’ baseball operations department. Or, rather, asking people to fire people. He’ll be able to have his own people in place in the next couple of weeks assuming the timeline holds.

Hast la vista, Jeff Loria.

 

Giants sign Austin Jackson to two-year, $6 million contract

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The Giants announced on Monday night the signing of outfielder Austin Jackson. According to Jon Heyman of FanRag Sports, it’s a two-year, $6 million deal with performance incentives that allow Jackson to earn up to an additional $2.5 million for a total of $8.5 million.

Jackson, who soon turns 31 years old, spent last season with the Indians. In 318 plate appearances, he hit .318/.387/.482 with seven home runs, 35 RBI, and 46 runs scored.

The Giants have been on the hunt for a center fielder and Jackson addresses that need relatively cheaply. Jackson will join Hunter Pence and newcomer Andrew McCutchen in the outfield.