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Derek Jeter will get big bonuses if the Marlins turn a profit

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Derek Jeter’s baseball legacy is all about winning. The World Series rings, the playoff appearances and being the captain of the winningest team in baseball history as it returned to prominence in the 1990s.

As an owner, Jeter has cut himself a deal that puts profits first. From the Miami Herald’s latest installment of its series on “Project Wolverine,” the business plan drafted by Jeter and the Marlins ownership last summer and fall as they sought approval to purchase the club:

Marlins co-owner Derek Jeter eventually will make back his modest financial investment in the team merely through the salary he is being paid as the team’s chief executive officer.

But he could be paid substantially more than that if the team makes a profit.

According to an August version of Project Wolverine – a document pitching potential investors on joining the Marlins ownership group and shared with the Miami Herald by sources – Jeter will make an annual bonus based on the Marlins being profitable.

Jeter will make an additional $2 million in 2018, $1.7 million in 2019, $1.1 million in 2020, $2 million in 2021, and $2 million in 2022 if the Marlins are profitable in those calendar years. That’s over and above the $5 million salary he’ll make as CEO. The Herald also cites a report that Jeter has an unlimited credit card for Marlins-related expenses including travel from his Tampa home but could not confirm it. Still: fun.

As we’ve noted so often around these parts, baseball is a business, so it’s not necessarily shocking that a guy who bought a baseball team did so to make some money. It’s just shocking how front-loaded and short-term Jeter’s financial incentives are structured. Given that, as Jeter himself as noted, the Marlins are in a competitive and financial mess these days, one would think that a bit of a longer view that has some sort of connection to team success, as opposed to merely short term financial success, would be in order. This looks more like a private equity play than an investment in a baseball team as an ongoing concern.

But what do I know? I just like baseball. Jeter is all about winning. I’ve read that many, many times.

Video: Jackie Bradley Jr. climbs wall to rob Luis Urías of homer

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Red Sox center fielder Jackie Bradley Jr. scaled the center field fence to rob Padres shortstop Luis Urías of a solo home run in the fourth inning of Sunday afternoon’s game. Urías was trying to take advantage of a 0-1 slider from Ryan Brasier. Had Bradley not made the grab, the Padres’ lead would have been extended to 4-1.

Unfortunately for the Red Sox, they weren’t able to take advantage of Bradley’s effort, dropping Sunday’s contest 3-1. They still won the series against the Padres, however. The Sox will continue their road trip for two games against the Rockies followed by three versus the Angels.