Derek Jeter reportedly relinquishing $5M US salary as Marlins CEO during pandemic

Miami Marlins CEO Derek Jeter told team employees during a conference call Monday he is forgoing his reported $5M US salary during the coronavirus pandemic, a person familiar with the discussions told The Associated Press.

The person confirmed Jeter’s comments to the AP on condition of anonymity because the Marlins have not commented publicly on the call.

The person said other members of the Marlins’ executive team agreed to take pay cuts, while baseball operations personnel will continue to receive their full salaries through at least May 31. The person didn’t specify the figures of the pay cuts.

Major League Baseball spring training was suspended March 12 because of the pandemic. The start of the season, scheduled for March 26, has been indefinitely delayed.

MLB senior staff has taken pay cuts, and budget slashing has allowed the central office to say it will continue to pay its roughly 1,200 full-time and part-time employees through May. Some teams have taken similar stances with their administrative staff.

Jeter, the former New York Yankees star and longtime captain, became part-owner of the Marlins in 2017. He was a 14-time all-star and five-time Gold Glove winner in a career that ran from 1995-2014.

His 3,465 career hits rank sixth in baseball history. He had a .310 career average and 260 homers, 1,923 runs, 1,311 runs batted in and 358 stolen bases.

Jeter, 45, is slated to be inducted into the Baseball Hall of Fame in Cooperstown, N.Y., in July. However, the ceremony could be postponed.

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