Derek Jeter And The Terrible, Horrible, No Good, Very Bad Day...


(Image courtesy: Wikipedia))

Or, if you're the Miami Marlins... a day that ends in the letter "Y."

The Marlins that Derek Jeter is now in charge of have come out of the gates 5-15 with him as CEO. Players wanted out before spring training as Giancarlo Stanton was traded away to the Yankees...

That meant Christian Yelich, Marcell Ozuna, and Dee Grodon aren't around, either...

And the team that plays with the funny sculpture beyond its center field wall hasn't changed... even with Jeets' front-office bombast. It came to a bit of a head in a "Real Sports" interview with Bryant Gumbel.

The question comes about "tanking", thanks to our friends at HBO Sports

"Mentally weak..."

Interesting...

And baseball isn't really a sport that benefits from tanking on the field. Pocketbooks benefit off the field...

There are a few ways to look at this...

1) The Marlins are trying to replicate the Houston Astros approach to winning a title. That will take a few years and a LOT of patience in south Florida. Does that exist...??? Who knows...

2) Let's examine the farm system- 7 teams: New Orleans, Jacksonville, Jupiter, Greensboro, Batavia, and two Rookie League outfits...

The Baby Cakes are 6-11, last in the PCL in hitting (.216- which the HQ finds virtually impossible) and middle of the pack in pitching...

Jacksonville is 5-10, third in the Southern League in hitting and near the bottom in pitching...

In Single-A, Greensboro is 9-6 (middle of the pack in the North Division in the SAL), in the lower third of the SALLY League in hitting, and in the middle third in pitching.

Jupiter is 13-3 in the Florida State League, third in pitching and hitting...

We'll leave the Short Season Muckdogs and Rookie Leagues out of the discussion... and you see where we're going here...

3) Combining points one and two you're looking at three years if everything remains in place...

4) This is a cost-cutting measure... going back to the terms of the sale from Jeff Ozanian and Forbes.com

$1.2-Billion for the sale... AND...

Cash: $800 million (including $90 million of preferred from a fund founded by Michael Dell).

Debt: $400 million ($100 million assumed; $300 million that was previously with team that is being "reworked").

The Marlins will also be taking their share from MLB's sale of BAMTECH and putting it into a reserve for future losses (the team will lose over $70 million this season). An additional $50 million is also being put into the reserve for future losses.

So, what's the fastest way to recoup a $70-million loss...???

Another fire sale...

How do you LOSE $70-million in a year, anyway...???

Bruce Sherman, the hedge fund owner that is principal owner of the Marlins right now (40-percent is the reported piece with Jeter at 4-percent), did not make his dollars by doing things foolishly. The HQ can bank on that...

The HQ, being the natural pessimist, thinks this is another flip that would make Armando Montelongo jealous, thanks to A&E Network...

Buy a property, slim it down, flip it...

Give it a few years, but this could get ugly and the lone Marlins fan left in south Florida may not have that kind of patience. If it works, great, call the HQ a pessimist that read the whole thing COMPLETELY WRONG... But, until that day...

This is bad from the start...

Who's Behind The Blog
Recommended Reading
Search By Tags
  • Facebook Basic Black
  • Twitter Basic Black

© 2023 by "This Just In". Proudly created with Wix.com

© 2023 by "This Just In". Proudly created with Wix.com