Marlins 'Will Not Be for Sale in My Lifetime,' Bruce Sherman Says After Recent Rumor

Joseph Zucker@@JosephZuckerFeatured Columnist IVJanuary 24, 2023

MIAMI, FLORIDA - NOVEMBER 03: Owner Bruce Sherman of the Miami Marlins speaks to the media during the introductory press conference for manager Skip Schumaker at loanDepot park on November 03, 2022 in Miami, Florida. (Photo by Megan Briggs/Getty Images)
Megan Briggs/Getty Images

Miami Marlins owner Bruce Sherman shot down any rumors he could be selling the team.

"The Miami Marlins are not for sale, have not been for sale under my ownership and will not be for sale in my lifetime," he said to the Miami Herald's Barry Jackson. "It is irresponsible to report otherwise."

"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 30th."

The Los Angeles Times' Bill Shaikin and Mike DiGiovanna reported Monday that the Marlins and Baltimore Orioles "could go up for sale soon."

Marlins fans might not be happy to hear Sherman's comments.

The 75-year-old was part of the group that purchased the team in October 2017 for a reported price of $1.2 billion. Hall of Fame shortstop Derek Jeter was the face of ownership, but Sherman held a controlling stake.

The Marlins began slashing costs almost immediately after the regime took over. Giancarlo Stanton, the reigning National League MVP, was traded to the New York Yankees that December. Christian Yelich was shipped out a month later and went on to win the NL MVP with the Milwaukee Brewers in 2018.

Since the start of the 2018 season, Miami's Opening Day payroll has ranked 23rd, 29th, 27th, 28th and 26th. The 2023 season figures to be more of the same, with FanGraphs projecting the Marlins to have the 23rd-highest payroll ($103 million).

The handover from Jeffrey Loria, who was widely unpopular during his time as owner, to Sherman is evidence of how things don't always change for the better when somebody new is in charge. If Sherman were to sell, his replacement could put a similar emphasis on controlling costs.

For Sherman, there's a similar level of uncertainty over whether he could fetch the kind of fee he might be seeking in the event he ever did put the Marlins up for the highest bidder.

Arte Moreno announced Monday he was no longer exploring a sale of the Los Angeles Angels after starting the process last August. The Lerner family hasn't gone anywhere, either, after signaling last April that the Washington Nationals were for sale.

Last March, Forbes valued the Marlins at $990 million. They had the lowest valuation of any MLB team and were the only franchise that fell below $1 billion.