Report: Jeff Loria agrees to sell the Marlins to Derek Jeter and Bruce Sherman for $1.2 billion

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The Miami Herald reports that Miami Marlins owner Jeffrey Loria has agreed to sell the team for $1.2 billion to a group led by New York businessman Bruce Sherman and, more interestingly for baseball fans, former Yankees star Derek Jeter. There are over a dozen other investors as well.

The Herald reports that Major League Baseball is supposed to receive the formal agreement today.

While Jeter has gotten all of the press until now, Sherman, a venture capitalist, is the money man and will be the “control person,” which is MLB’s term for the owner who makes all the decisions for the club. It is he who will be referred to as the team’s owner. Jeter, while wealthy by baseball player standards, could not carry the majority of cost (he’s reported to be contributing $25 million to the deal). He’ll be in charge of business operations and baseball operations, the Herald reports. How hands-on he will be remains to be determined.

The Marlins: owned, in a way, by Derek Jeter. Managed by Don Mattingly. I wonder what a Yankee fan in a coma since 1999 would think about such a thing.

Fried, Braves go to salary arbitration for 2nd straight year

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ST. PETERSBURG, Fla. — Pitcher Max Fried went to salary arbitration with the Atlanta Braves for the second straight year, asking for $15 million instead of the team’s $13.5 million offer.

The 29-year-old left-hander went 14-7 for the second straight season and lowered his ERA to 2.48 from 3.04 in 2021. Fried was a first-time All-Star last season, was second to Miami’s Sandy Alcantara in Cy Young Award voting and was third in the National League in ERA behind Alcantara and Julio Urias with the Los Angeles Dodgers.

Fried won a $6.85 million salary last year instead of the team’s $6.6 million proposal in arbitration. That was after he pitched six shutout innings in World Series Game 6 as the Braves won their first title since 1995.

Fried, who is eligible for free agency after the 2024 World Series, had his case heard Friday by a panel that’s expected to issue a decision Saturday.

Players have won two of three decisions so far: Pitcher Jesus Luzardo ($2.45 million) and AL batting champion Luis Arraez ($6.1 million) both beat the Miami Marlins. But Seattle defeated Diego Castillo ($2.95 million).

A decision is being held for Los Angeles Angels outfielder Hunter Renfroe, whose case was argued Monday. About 20 more cases are scheduled through Feb. 17.