Marlins CEO Derek Jeter is forgoing his salary on an indefinite basis, SportsGrid’s Craig Mish reports (on Twitter). Other high-ranking Marlins executives have also taken pay cuts as the organization continues to evaluate the economic impact of the COVID-19 pandemic.
Additional cost-cutting measures that the Marlins’ executive and ownership club may take aren’t clear, but the cuts among some of the team’s brass will surely aid in avoiding layoffs and furloughs elsewhere in the organization. The news comes at a time when Major League Baseball is reportedly set to announce that clubs can begin to furlough or cut pay of non-playing personnel (e.g. coaches, scouts, executives). In late March, all 30 teams agreed to pay non-player employees through the end of April. MLB teams have also pledged $1MM apiece to help cover lost wages for gameday/park employees during the shutdown. Some teams have taken further steps to help cover those part-time wages.
The impact that pay reduction among club leadership will have throughout the organization can’t yet be known, but it’s nevertheless a notable gesture. It’s easy to cynically say that Jeter can afford to do so — indeed, he earned more than $265MM in player salaries during his career and was able to purchase a minority stake in the Miami franchise — but that much is true of many owners and high-ranking executives who have not opted to do so (both in and outside of baseball).
It’s of course possible that other clubs have already taken similar measures — top Rangers execs were reported to be taking cuts earlier this month — or that they’re prepping to do so in the near future. But it also seems inevitable that the economic weight of the pandemic will be felt throughout the league as uncertainty regarding the state of play persists.
r2p2c2t2!!
Good on his part, and on the organization’s part. Makes pr look good.
Except everyone knows he is a POS. Type in Derek Jeter cheats on taxes in google. This only pushes his plan back by a year. He put up $25 million to buy Marlins and his plan was getting it back in 5 years with the ability to sell his share. He also was getting bonuses if they made profits. That is why every player over 5 million that could be traded was dealt for pennies on the dollar.
Ah yes, google. The exemplar for truth.
Let me guess you are one of the people thinking Covid 19 is just a minor flu huh? The fact you claimed NY State and NY daily News made up the story shows your IQ. I couldn’t link it on here but I showed the ability of how to get the story. Perhaps if your parents weren’t brother and sister you would have better reading comprehension skills
Wow, you’re telling me rich people manipulate their money in order to pay less taxes? That’s crazy talk, that could never happen in America!
Seriously though, you think Jeter is the only one taking advantage of the system? He’s still willingly forgoing millions of dollars in salary as a gesture of goodwill, what have you ever done for anyone but yourself?
Nicely done. Some people are simply clueless bro.
As long as we’re playing the guessing game, I’m guessing johnnydubz is woke and triggered like all good, self proclaimed, morally superior, liberal boys. We should all pay heed to this special persons words because we’re all just inbred illiterates in comparison.
No what I’m saying is he gets a pass when anyone else gets crucified for it. Wesley Snipes did time for the exact thing Jeter did. I take care of a sick person as a full time job without pay. Where did it say Jeter is donating most of his career earnings cause I didn’t see it? He’s forgoing money that he is not earning because he’s not working right now. Try being a person who was laid off due to this and deal with BS but your rather be scum
I don’t see a point in keeping a core together if they can’t even come close to cracking the postseason.
Let me see. Jeter was playing in NY, but was claiming taxes under Florida when he’s owned a home in Tampa since 1994 (and lived in during the offseason), but didn’t buy his Manhattan apartment until 2001. Then later, he buys minority ownership in an MLB team in South Florida.
Yes, clearly the guy is one of those rich guys that only buys a property in a state to favor his taxes, while having nothing to do with that state whatsoever.
Okay, I’ve never been a great Jeter fan to the point that I still enjoy a good chuckle looking at the 2003 World Series and knowing everyday he goes to work, he has to look at that trophy and the images of it around the stadium and his office, but some of you just reach for stuff. And sorry, but most people in non-NY markets find NY sources to be laughable. Any place that can provide job security for the likes of Mike Lupica, Steven A. Smith, Matt Cerrone, and a few other incredulous blowhards, can’t be taken as a serious source of credible information. The State of NY wanted their millions from Jeter and the NY media is a joke that’s more focused on making money through baiting in readers instead of through story accuracy.
He bought a home in Tampa 2 years before he reached the majors? If true, he’s smart to have invested.
Back in the early 90s, a person with even MiLB salary could easily afford a nice home in Tampa (and every area on the west coast of Florida) during that time. Also, Yankees have/had an affiliate in Tampa. Jeter was there for a period during that time he purchased his Tampa home.
Yes, Jeter was smart. Put his bonus money down on a home he could have long term, near his Spring Training facility and in a great tax area.
I’ve driven by the facility numerous times. I just did not know he started investing while in the minors. Savvy on his part.
Yep, and clearly it was only about the taxes as proven by him also purchasing minority ownership and running one of the MLB teams in Florida.
Amazing what people will do to prove that they are residents of an area, just to get around taxes.
Yep, in 1994 he spent a little time there with the A+ affiliate (Tampa Yankees).
I guess that was part of his master plan too because the Yankees were able to predict they can help him lie since the Yankees knew he was a sure thing, like many other sure things in MLB history.
The State of NY and the NY media caught this master plan of cheating taxes, that started when he was a mastermind, clairvoyant 20-year old kid playing in MiLB.
He spent April-October playing for Yankees so that’s 7 months. You do realize State of NY and NY media covered the attention up for him since Hillary Clinton supporters like yourself are protecting him. You do realize he only invested $25 million which is more of a loan hence in 5 years he would get his money back and ability to sell his share of the team. He got rid of Stanton and Christian for nothing because of a clause in the contract gives him a bonus if they are profitable. He essentially dumped a WS contender for nothing and told every Florida resident to drop dead because he was jealous of losing in 2003
Wow, what a fictional take.
1 – I think every Marlins fan and baseball fan with sense is laughing at how Jeter suckered the Yankees into taking Stanton. Oh, and for good measure, the prospects that he got from the Yankees were handpicked by Gary Denbo…ahem…the guy who built the Yankees farm system with Judge, Sanchez, Torres, Andujar, Severino, etc.
2 – Jeter wanted to build the team around both Yelich and Realmuto, but they both asked to be traded instead because they didn’t want to be part of a part of any rebuild, even a short one.
3 – The roster we had did not produce a single winning season because we had hitting, but zero pitching other than Jose Fernandez. After he died, the Marlins had no chance. If they were to add the type of pitching to support that lineup, they would have had a payroll that would have surpassed $200 million because with zero pitching, they were on pace with arbitration and contracts kicking in for Stanton and Chen, and a couple of others, they would have already been around $150 million.
And for the Jeter part, Jeter’s rookie season was 1996. He only played a short stint in 1995. He did not play for the Yankees in 1994 when he bought his home in Tampa. He did not buy that home in NY until 2001. Tampa was his first purchase, therefore it was his primary residence, especially since he was there a great deal during the offseason, including while with the Yankees during Spring Training.
Again, nice fictional take on your part.
Carry on.
That’s nice. In before people start complaining about rich people and other organizations decision making ultimately getting comments closed.
Nice gesture. Wish more guys like him we’re doing it. The players are giving up a bunch of money themselves, though they don’t have a choice. Neither do the stadium workers.
How are they giving up money? Are they playing/performing? The entire country is out of work for the most part.
The 170m given to players was for the most part charity. I’d have much rather seen nearly all of any monies given to support staff, stadium personnel etc, rather than players who have made basically half a million plus prior.
All this pity for this blows my mind over regular working people from some people here. I call it detached reality syndrome, or flat out envy.
His rent check from Brady should be enough income for the time being
not if jete (or gorilla mouth gary) doesn’t fix the wifi
Liar. It’s tacko1. You need letters and a number now a days.
Very nice!
Wonder if the owners/presidents of teams like LA and NY are doing something similar?
Nope the richest teams haven’t made any concessions yet.
i am still outraged
cant satisfy everyone
Good PR move. Does Jeter even cash those checks from the Marlins? He’s got plenty of dough from his playing days and other business ventures that makes this check a drop in the bucket. Like me getting that $5 rebate from buying 2 windshield wipers.
I don’t get it. If you’re under contract with an MLB team why would you take some of the money you’re owed, and give it back to a billionaire baseball team owner?
I mean you don’t have to keep it if you don’t want to, but wouldn’t it make more sense to cash the paycheck, and then give the money to someone who actually needs it? Like a starving child?
My immediate guess is that Jeter (or any executive in the same position) is hoping/assuming that ownership will take the money saved and pass it along to other employees of the team who could use the help. Kind of “keeps it in the family” that way.
So, just to be clear: none of the money is going to starving children?
Dunno… Will children of Marlins’ employees be saved from such a fate by this? Will any of the team’s employees be able to avoid having a car repossessed or being evicted from an apartment because of this?
Really? You honestly don’t know if children of Marlins’ employees are in danger of starving?
I have no idea if some of the lower echelon of Marlin’s employees are filthy rich or, like so many, could use the help.
Considering Jeter is also part of ownership, he should know where this money is going.
Most teams are focusing on keeping lower level employees compensated. The type who could lose homes, cars, and savings accounts. The type who need these checks to put food on the table.
I have to assume that’s what the Marlins are doing here. Jeter’s salary, which he doesn’t need, will pay lots of ticket takers, ushers, security staff, trainers, scouts, etc. for a few months.
Completely agree, and that’s parallel to the point I wanted to make. I don’t see how it’s a bad thing that a company is making an effort to take care of the “salt of the earth” folks that no organization can do without. Somebody has to sweep up the mess at the stadium, and it’s unlikely that human is making Jeter money.
Exactly. So the concerns about donating money elsewhere is pretty much covered here. The maintenance staff, clerical staff, other support staff, etc. are in danger of the same problems that all of us ‘average Joes’ in regular jobs are in danger of. Just because a person is cleaning bathrooms at Marlins HQ, or ordering admin supplies for the Analytics Supervisor, doesn’t mean that being employed by the Marlins and MLB makes them have a higher salary. They have the average salary as those jobs pay in every other industry.
I commend Jeter and the Marlins brass for doing this. Also, why is it that people keep forgetting that Michael Jordan is also a minority owner of the Marlins. With the Marlins and Hornets, he may be doing the same thing in both leagues.
Jeter and the Marlin’s execs should take a pay cut until the Marlin’s are no longer an aaa or aaaa team
Agreed, i wish we still had Loria. We might have no pitching or reinforcements from the farm, but hey home runs!
It’s hard to know how those resources get reallocated. In the case of J. Verlander (and Kate Upton), they are donating lots of money to frontline workers, paying for PPE for the Detroit police Dept. etc. His small(ish) salary is definitely getting used to help many in need. Maybe Jeter’s paycut does trickle down to where it is truly needed-maybe not. One can only hope….
Yay Jeets!
What a disgrace!
He’s made millions and he wants others to take pay cuts?
Nothing better to do today than read incoherence. Props to those of you that live in reality.
Would Loria and Samson have done the same? Probably not. Props to Jeter and Co.
Loria would have made another $20 million donation so the kids of Yale “can have a safe place to study.”
This really worries me – forgoing his paycheck? He is only worth 185 million dollars. Someone needs to start a Go FundMe page for him.
Derek Jeter drew a salary? For leading the team to a 120-203 record the past two years?
Sorry not impressed when a billionaire gives up his salary. How about contributing to the city you made your millions in when it needs it most. He decided to auction off one of his jerseys. Not good enough.
Cuz I’m sure you’ve done more.
Good thing Jeter has Brady’s rent checks coming in.