Derek Jeter is reportedly buying the Miami Marlins.
Bloomberg reported on Tuesday that a group lead by Derek Jeter and former Florida governor Jeb Bush has won an auction to purchase the Marlins. The deal has not been made official, and Bloomberg reports that no contracts have yet been signed.
So how much money will Derek Jeter be spending on the Marlins, and what is his current net worth? Here’s what you need to know.
1. His Net Worth is $185 Million
Derek Jeter is one of the wealthiest baseball players alive today.
According to Celebrity Net Worth, Derek Jeter’s net worth is $185 million.
This puts him ahead of Randy Johnson, whose net worth is $115 million, and Joe Mauer, whose net worth is $80 million. However, that puts him behind Alex Rodriguez, whose net worth is $300 million. Rodriguez is currently believed to be the wealthiest baseball.
2. He Made $130,000 Per Year in His Rookie Season
It took quite a few years of work for Derek Jeter to be making millions of dollars.
Jeter was drafted to the Yankees in 1992, and he made his debut in 1995 at the age of 21. During his rookie season, he made $130,000 per year, according to Business Insider. That’s about $211,000 in today’s dollars.
By the end of his third season, Jeter had made $1.43 million total.
But in 1998, Jeter had his salary determined by an arbitrator, and he started getting paid $5 million per year.
3. He Signed a $189 Million Contract in 2001
In February 2001, Derek Jeter signed a 10-year contract with the Yankees.
According to Forbes, this contract was worth a total of $189 million.
The New York Times reported in 2001 that at the time, this was the second-largest contract in the history of sports. The first went to that of Alex Rodriguez, who had recently signed a 10-year contract worth $252 million.
Under Jerek’s contract, his yearly salary would continuously increase. According to Sportrac, in 2001, Jeter earned $11 million; in 2002, he earned $13 million; in 2003, he earned $14 million; in 2004, he earned $17 million; in 2005, he earned $18 million; in 2006, he earned $19 million; in 2007, 2008, and 2009, he earned $20 million; and in 2010, he earned $21 million.
4. He Made a Total of $400 Million During His Career
According to Forbes, Derek Jeter made $400 million in total throughout his career.
This includes his $189 million contract with the Yankees, but it also includes $130 million in endorsement money. Throughout his career, Jeter was sponsored by products such as Nike and Gatorade.
Jeter’s total career earnings are the second-highest in baseball history, coming in behind Alex Rodriguez. Rodriguez ended his career with $480 million in career earnings, according to Forbes.
5. The Marlins Deal Cost $1.3 Billion
The deal to purchase the Miami Marlins reportedly cost $1.3 billion, according to Bloomberg.
Jeter is hardly the only person involved in the sale, though. There’s also former Florida governor Jeb Bush, whose net worth is estimated to be $20 million, according to Celebrity Net Worth.
Others involved in the deal include Quogue Capital founder Wayne Rothbaum and Solamere Capital co-founder Tagg Romney.