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Bruce Sherman: Sale Of Marlins Not Under Consideration

Marlins owner Bruce Sherman released a statement this afternoon reaffirming his commitment to lasting ownership of the franchise.

The Miami Marlins are not for sale, have not been for sale under my ownership, and will not be for sale in my lifetime. It is irresponsible to report otherwise,” Sherman said (via Jordan McPherson and Barry Jackson of the Miami Herald). “It is and will continue to be a privilege to own this great organization. I look forward to seeing our loyal fans at Opening Day on March 30.

The announcement comes in response to a column from the Los Angeles Times on Tuesday morning. That report cited MLB sources suggesting the Miami organization could hit the market at some point soon. There’d been no previous indication of the Marlins potentially changing hands, and Sherman’s forceful pushback represents a firm declaration that won’t happen.

Sherman made similar sentiments in an interview with the Herald last September. “No, I have never considered selling the team,” he said at the time. “I am more deeply invested in the team’s success now than ever. I’m looking forward to reaching the playoffs, returning the World Series trophy to South Florida, and making this community proud of its hometown team.

The Marlins are only a few years removed from an ownership change. Jeffrey Loria officially dealt the franchise to the Sherman/Derek Jeter group in October 2017. While Jeter was the higher-profile member of the group, Sherman has been majority owner for the entire time. Jeter left the organization last offseason.

Upon taking over, the Sherman ownership group cut player payroll. Miami’s season-opening payroll had been at $115MM during the final year of Loria’s ownership, per Cot’s Baseball Contracts. Under Sherman’s ownership, the franchise hasn’t topped $100MM in player spending. That’s likely set to change this year, with Roster Resource projecting their spending around $103MM.

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