Jeter-led group agrees to buy Marlins for $1.2B - KWWL - Eastern Iowa Breaking News, Weather, Closings

Jeter-led group agrees to buy Marlins for $1.2B

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(NBC) -

It appears Derek Jeter is back in Major League Baseball, this time as an owner. 

According to the Miami Herald, an ownership group lead by Derek Jeter and New York businessman Bruce Sherman will purchase the Miami Marlins for a reported 1.2 billion dollars.

According to USA Today, the deal with Marlins owner Jeffrey Loria has been agreed upon but a formal vote on the sale will take place at the owners' meeting in Chicago. 

Jeter is expected to run the team's baseball operations while Sherman serving in the role of CEO. 

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