Jeter wants to ‘call the shots’

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Derek Jeter would like to own a baseball team, he told the Associated Press yesterday. In an interview that probed Derek’s post-retirement plans, Fred Goodall of the AP talked ownership with the Yankee Captain, and Jeter made it clear that he wants a real piece of the action a la Michael Jordan and not just a token share of a team. “The only interest I have in ownership is to be able to call the shots. I’ve said that time and time again,” Jeter said.

This isn’t the first time we’ve heard talk about Derek’s interest in team ownership. In fact, just a few weeks ago, I talked about how Jeter could become a part-owner of the Yankees. Suddenly, that zany idea doesn’t seem as far-fetched as it once did. Whether Jeter would be a good savvy owner obviously remains to be seen, but he has spent his career around some pretty powerful sports business figures.

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  • ADam

    As long as he doesn’t sign Kwamee Brown… I’m cool with that

  • currambayankees

    I seriously doubt he gets a piece of the Yankees pie. Owner maybe somewhere like Tampa. Don’t see the Yankees doing that.

  • A.D.

    Jeter has a lot of money, but not necessarily that much money. Could potentially pull together an ownership group for a struggling team down the road.

    • http://www.secondavenuesagas.com Benjamin Kabak

      Maybe he’s planning on signing a $500 million contract extension.

    • OldYanksFan

      I would agree. Even an average team costs 1/2 a billion. Now maybe if he and ARod got together, they could put something together.

      How cool would that be? Jeter and ARod, 2 first ballet HOFer owner a team?

      • Lisa Mann

        That would be insane!

    • Zack

      We know his salary from the Yankees; but he’s also been paid by Nike, Gatorade, and other sponsors for the last decade as well.

  • TheZack

    Have former players EVER made good owners? I can think of Lemieux, but otherwise?

    I would have a hard time seeing Jeter put aside his ego and let others run the team. I’d also have a hard time seeing him be able to put together the money to have enough of an ownership stake to have his voice matter at all.

    • OldYanksFan

      Nolan Ryan? Not an owner but has been good for his team, no?

      • Zack

        Didnt he just get there last season?

    • Rick in Boston

      Branch Rickey owned a part of the Dodgers in the late 40’s. Connie Mack owned the A’s after his career ended.

      That’s all I can think of for baseball. Did you know the Jays have only been owned by corporations (Labatt’s & Rogers).

  • Tank Foster

    I cringe.

  • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

    (thinks about this logically)

    Teams Derek Jeter could flat-out never afford (unless he starts a company that discovers cold fusion): (20)
    Yankees, Red Sox, Mets, Dodgers, Cubs, White Sox, Cardinals, Mariners, Phillies, Braves, Giants, Angels, Orioles, Rangers, Rockies, Astros, Padres, Indians, Tigers, Nationals (they’re actually 6th on the 2009 Forbes value list at $440M; no, seriously)

    Teams Derek Jeter might possibly be able to afford as the leader of an ownership group (but still not all by himself) but probably won’t be sold anytime soon: (6)
    Reds, Brewers, Twins, Rays, Royals, Pirates

    Teams that are realistic targets for a Derek Jeter ownership group: (4)
    Diamondbacks, Blue Jays, Marlins, A’s

    That being said, I’d imagine that when the D-Backs, Jays, Marlins, and A’s all change ownership hands at some point in the next 10-15 years or so, Jeter’s group would probably quickly get outbid.

    Odds: 5%.

    • http://www.progressamericana.com/ Pablo Zevallos

      I’ve always pictured Jeter in a D-Backs uniform. I don’t know why. Perhaps he’ll get in it this way…

    • Mattingly’s Love Child

      Rays ownership says they have to drop payroll for next year. Despite all of their success, they still can’t draw down in Tampa. Now a Jeter headed group, maybe they can get a little traction in Tampa/St Pete? That would be the best bet to me, since he will have a huge home in the area.

      • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

        True, perhaps I should move the Rays from the second group down to the third group; they’re on a bit more tenuous long-term footing than I described. Stu Sternberg may eventually decide to put the club on the market.

        I bet he sticks it out and works out a stadium deal, though. Just a hunch.

        • Mattingly’s Love Child

          You’re probably right.

          I hope the people of St Pete/Tampa tell him to build his own damn stadium, though I doubt they will. But there’s no way a Jeter group would purchase a team like the Rays if they knew they’d have to pay for their own stadium.

      • A.D.

        Gotta figure TB would be Jeters ideal, since he lives there.

        TB maybe looking to cut payroll, but according to last Forbes number, had a solid operating income.

    • A.D.

      Marlins value will likely go with new stadium

      • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

        That too.

      • Mattingly’s Love Child

        Will anyone go see their games anyways though? Granted, if I was a retiree in Florida, which I hope to be someday, I’d have season tickets.

        South Florida has such a large group of baseball fans, even with the crummy stadium it makes no sense why they draw no one, even when the team is good.

        • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

          Those baseball fans like baseball in March, when it’s not hot.

          In July, they want to stay out of the sun (but also don’t want to sit inside a drab non-descript dome in St. Petersburg).

          It’s a catch-22. Baseball is an outdoor, enjoy the summer sun sport, but Floridians don’t like the outdoor, summer sun all that much.

          • Mattingly’s Love Child

            Did the Marlins end up getting a dome for their stadium? I can’t remember. If they didn’t, that would be just as foolish as the Twins not getting one for theirs.

            • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

              Retractable roof, which is ideal. Have it open most days, close it for the rain or for extreme heatwaves.

              http://en.wikipedia.org/wiki/F.....lpark1.JPG

            • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

              Also, the on-again, off-again Rays new stadium in Tampa had/has a retractable sunshade system, which I’m bullish on. All the sun-and-rain blocking convenience of a dome, but without the staid, dry, antiseptic feeling of being inside a permanent dome. You get to be outside without getting rained on or baked by the sun.

              http://fredtopeka.files.wordpr.....ysnew2.jpg

              That shit looks cool.

              • Mattingly’s Love Child

                I’m so in love with that shit.

              • Rick in Boston

                The talent that will be on display on the outside of the right field wall will be tremendous.

                • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

                  /euphemism’d

              • A.D.

                Yeah, I’d love to see the umbrella roof in TB

  • vinny-b

    who cares.

    contrary to popular belief, Derek Jeter is not God

    • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

      This comment adds no value. None.

    • Nady Nation

      “contrary to popular belief, Derek Jeter is not God”

      That’s not the popular belief at all. The popular, and factual, belief is that his teammate is God.

  • http://www.mystiqueandaura.com Steve H

    Hopefully he puts on his owners hat when he’s ready to sign his next contract as a player.

  • Mattingly’s Love Child

    I’m not sure how successful he’ll be since he just got the reins, but if Jordan succeeds with Charlotte, maybe he would make a good partner for a Jeter ownership group of a baseball team?

    • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

      Jordan will probably have his hands full as it is. The NBA isn’t a very financially sound league at the moment.

      • Mattingly’s Love Child

        I’m thinking down the road, 5-10 years. Jeter probably has another 5 years left in the league. And I doubt he jumps right into ownership. He’s gonna have to spend a couple of years in retired life, destroying Charles Barkley in golf and the like. His jones for competition would come back, and then he’d be looking to own. So we’re about 7 years. If the NBA is still f’ed in 7 years, it’s doneski.

        • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

          Sure, perhaps.

          Crazy (but not that crazy) idea: Jordan and Jeter form a triumvirate ownership LLC that collectively own the Charlotte Bobcats Carolina Flyers and the Tampa Bay Rays as co-owners, with Jeter running the Rays, Jordan running the Flyers, and a third silent party providing the big financial capital to keep both organizations running.

          The third party?

          Tiger Woods. Your mind: BLOWN.

          • Mattingly’s Love Child

            So funny you came up with that “crazy” idea, that is exactly what I was thinking for an ownership group.

            • Joe S.

              They could call it Gatorade/Nike$$ LLC

  • Hughesus Christo

    You don’t become Derek Jeter by setting realistic goals. I can definitely see him finding a Nolan Ryan situation somewhere. Perhaps after they clean house in NY for assembling a 120 million dollar starting rotation of 35 year olds.

    • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

      The problem is, Ryan’s situation isn’t really what Jeter is claiming he wants.

      Ryan’s a minority owner. He gets to serve as team president and thus wields more power than most minority owners, sure, but he serves as team president at the pleasure of majority owner and CEO Chuck Greenberg. His power can be eliminated at the blink of an eye.

      • Mattingly’s Love Child

        Of course, canning Nolan Ryan, in Texas, would be rather foolish for business reasons (I’m thinking sponsorship, not fans). But he is much more dependent on the good will and sanity of the majority owner.

        No way Jeter puts himself in that position.

  • http://twitter.com/tafkasic the artist formerly known as (sic)

    “Suddenly, that zany idea doesn’t seem as far-fetched as it once did.”

    Yes it does, for all the reasons that it did then.

    • Rob

      Yeah, I’m not sure how a single AP story and quote changes the dynamics of the situation.

  • king of fruitless hypotheticals

    he wants to be an owner and shot caller.

    That just means he needs to either be the majority owner or have enough silent partners with the right contracts.

    oh, and a billion dollars just ain’t what it used to be either…if he’s been working towards having that much to be able to buy a team since he started, he may very well be closing in on that mark.

    (dont laugh…dude started working towards being the yankee shortstop when he was six. look where that got him.)

    • http://twitter.com/tsjc68 tommiesmithjohncarlos a/k/a The Large Sample Size

      Let’s say Jeets never really spent any of the money he earned, though, he just bought a modest 250k house in Rockland county somewhere and kept rolling a Toyota Corolla. No bling, no island resorts, none of that. Get paycheck, place in bank.

      B-R.com says he’s made 182M in his career from direct salary. He’s probably going to add around another 100M to that before he retires (the last year of this deal + whatever he gets in an extension). That’s 280M.

      Maybe he’s got another 100M in endorsement money over his career; let’s go nuts and say $150M. That’s probably high, but whatevs. You’re looking at a man who, if ALL his assets were straight liquid, has probably 350-450M to his name, total. (But I’m sure he’s spent some of it.)

      The Rangers just got sold for 500M. The Cubs sale price was $900M.

      Even the lowest valued teams who struggle to compete, draw fans, and have fucked up stadium situations, like the Rays/A’s/Jays would probably sell for a 350-400M price point say, 6-10 years from now when Jeter would actually be retired and able to place a bid on a team, meaning he’d have to sink every cent he has (and possibly some that he no longer has) into a team.

      He’ll get outbid.

      • Tubby

        But he’s not going to be paying cash for a team. Even if he ‘only’ has $200 million sitting in a low interest checking account, that’s plenty of money to finance the purchase 51% of team. If he wants to buy a team, money won’t be the issue.

        • Snakes on the mother effin Temple Of Doom

          Agreed. There’s this little thing called leverage. It’s what happens when you pile debt onto equity in a capital structure.

          He could easily leverage his personal net worth by 2 – 10x depending on the projected cash flows of the underlying business.

  • Snakes on the mother effin Temple Of Doom

    By the way, do we have any specific reason to believe that Derek Jeter would make a good shot caller? Yeah yeah he works hard. But…the rest?

    • pete

      that. It sounds to me more like he’s asking for a position in the FO, rather than the Board, since there’s just no way he can purchase significant enough ownership to become a “shot-caller” that way. And, IMO, if he wants to work in the FO, he needs to start as an intern just like everyone else. Being good at baseball does not make you good at being a GM, or something similar.

  • cr1

    Regarding DJ’s total worth, unless he’s kept it buried in the basement it’s been busily multiplying itself through investment and interest, so there’s more there than whatever the checks add up to.

    Also, I’ve read that he has in fact been putting money together towards an eventual ownership group for some time and that he already has others in on it, starting with Posada (who has also been quoted in the media on the subject of such a joint ownership group).

    No idea how good the sources were for such stories, but the idea doesn’t seem on the face of it completely without credibility.