Marlins CEO Derek Jeter, who has slashed about $36 million in player payroll in recent weeks, in August circulated a document to potential investors that projects the Marlins will make an enormous profit in 2018 and sizable profits the following three years. Project Wolverine, Jeter’s confidential document given to potential investors and shared with The Miami Herald by two of those approached investors, includes ambitious revenue goals for tickets, sponsorship and television rights. The new ownership group is poised to make a profit next season because of the slashing of payroll, combined with the fact that every MLB team next spring will receive a one-time payout of $50 million as a result of MLB’s sale of digital media company BAMTech to Disney. But the amount of the Marlins’ profit could vary widely based on several factors.
Derek Jeter business plan projects big profits and spike in Marlins attendance
Miami Herald | Jan 3